Hmmm, what is causing this? Overall market kinda weak, but JOY just jumped pretty dramatically.
More buyout rumors?
On some decent volume also, has gone higher still.
OK, easy come, easy go. But still, it has traded almost twice daily volume already. I don't know if we will ever know why, but someone wanted a bunch of shares this morning.
Screw the rumor routine. Seen it before. Already dropping and will be in the red by end of day. I am long but for the long haul. I add a little each time it breaks 59.
Rumor has it that GE is offering $78 per share for JOY
Sentiment: Strong Buy