In 2013 there were 3 days that the volume barely broke the million mark, And now we 4 days straight averaging over 3 million a day. Because of the lack of news I assume that it must be a big investor who sees value here and we may never know for sure. In any case I have been in this stock for years for the dividend and I wouldn't sell at this price because the yield is still attractive.
You know it's not something the company is doing, because they would have had to disclose it by now or face lawsuits. It has to be an outside force. Could it be some fund just accumulating? Or some group getting ready for a takeover, waiting until they get 5% before they are forced to comment?
Ocean, you are the rube if you are assigning this price jump to the Doulglas Elliman increase. I don't know what caused it but my guess is we will learn why tommorow. In the meantime consider yourself a lucky bohunk as you like to say.
Well I thought it might go a little lower and got greedy when it was at 30.40. Set my buy at 30.35. As it turned out I ended up in at 1700 @ 30.53 Still not sure how things are going to shake out in th next few days. Monday will be the real first full day in my opinion. Anyway I am in and expect good to very good results in 2014.
Here is my thought. First i don't see any mass selling today (12/31) and I would think that all the BRY holders that got LNCO in exchange and really don't want LNCO are going to sell on 1/2/2014. to push the taxes into next year. At least that is what I am hoping. I need to buy 1700 shares and I would like to get them a little cheaper.
OK, First I think that this is a good stock for the dividend investor. But I think that it has gotten a little ahead of it self and I would not buy at this point. I think that come next month you might be able to get
in around 31.50 and if I am right I will be buying