Down 4 5/8 this morning after earnings
announcement, which I see no reason it could have caused BCR to
tank like this. Anyone care to venture a guess at what
happened? Volume of 800,000+ means almost $40,000,000.
Somebody wanted desperately to dump their BCR?
It's a plum and Bard has staked everything (dinero, amigo) on the future of IMPRA. We paid a bunch for it and it will stay in the fold. I'd be surprised if it was up for sale.
Another impressive day of gains considering the
horrible a/d line and triple digit loss for Dow. Option
volume on calls about 3 times normal volume again.
Earnings and maybe more should be announced and day now.
To be announced on Wed. Stock had another good
day, finishing on the highs once again. I guess we
will all find out if recent stock movement and option
activity is the result of better than expected
earnings(looking for 57 cents)or something more.
Insiders are not allowed to buy stock in front of
a buyout or any other big corporate event that
might move stock. People who know how to read the true
meaning of insider activity know that the best indication
of a buyout is no insider activity before the event.
Luck to all
Do not bet on a buy out. If it were going to
happen, then why have the insiders not bought this stock
in over a year.
If an insider sells his stock
he must report it. Then, everyone gets out, and his
out of a job.
If he starts a buyout rumor, and
sells call options $20 in the money. He does not lose a
Look at all the options that were sold in
RAD Oct. It was going to be bought. Then only 200
stores were sold. NO BUY OUT.
If you like this
company find. But don't bet on a buy out.