I agree Jack that I feel that CHTL/Tobin should have handled all this better. It seems whatever fund did this buying at these volume levels feel that this poor communication has distorted a fundamental story. This entity is taking advantage of this poor communication. The entity obviously is getting solid information on the true story to make the size investment they are making. CHTL will be moving higher.
And, good luck to you too. I will be fine however this turns out. I'm just very disappointed in how it all went down and it put a bump in a road that had been a pretty smooth ride since last March.
When I say emotion, I mean the fundamentals for ChinaTel are not in place yet, so there is no way to assess the company based upon performance. Everyone loves the story and everyone is hoping to get in on the ground floor, but that is all there is right now.
Jack, it is a hedge fund buying most likely. I am back in given this volume/price move. Volume like this does not occur at once from multiple sources. It occurs from a source, meaning a big player is buying.