Given no official news why the relatively steep price rise on average volume..accumulation or short covering???
Most likely some shorts covering. What is scary is insiders have been selling alot thoughout the year. This stock has been hitting the 200 MA, thats where it tops and then falls back down and breaks resistance everytime.
Bkay,I am hoping for a GE BUYOUT at $4+. I would like GE for the dividend.IMHO - Tomcat
a ge buy out would be nice since I already own some .I sell covered calls on and collect the div
Maybe a buyout is coming. Mgt has been so wrong on any guidance for so long.
Management also designated funds to buy-back shares... perhaps? but would think volume would be above average...