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BP Prudhoe Bay Royalty Trust Message Board

  • maredj2 maredj2 Jul 18, 2006 7:37 PM Flag

    Price swings today

    Range was 84.51-87.80. That's huge for a day. And that's been happening lately. What's going on? Anyone have a clue?

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    • There is plenty of evidence that a few large investors are playing this stock, and there have been many claims of hedge fund buying/selling on this board. If hedge funds are playing with this stock, the price swings could be the result of any number of stock strategies being exercised. The disconcerting aspect of this is these fund managers fly basically unmonitored. Couple that with large amounts of cash and a stock of this sort with average relatively low volumn, and you get a stock that is ripe for game playing. Large stock movements can pay huge with stock future (option) strategies.

14.540.00(0.00%)May 4 4:02 PMEDT