Hi Folks! --Some informative comments I received from Marum president, Rick Boulay, for our reading pleasure, re. cur.events:
[posted with his acknowledgement]
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We will have, effectively Monday, three crews in the field, one ground based and one helicopter assisted. The program is fully financed in keeping with our conservative financial management approach.
I'm waiting for lab results and will make an announcement when they arrive.
Friday's stock action was really interesting. I was talking to ASE market surveillance on Friday and they confirmed that about 80,000 shares, or about 33% of the trading volume was pro-trading. My own estimate is that 50% was pro trading in all categories. Also, about half of the pro positions were still open after market on the long (i.e. buy side). I haven't seen this for a while. Pro traders love our stock and we are happy to see them back and I'll be even happier to see them start piling up short sale positions. Short positions opened in high volume markets are like money in the bank, since they do not hurt the stock price and they eventually have to be covered by market orders when the news is good. BTW, this is an observation of Friday's action, there is no implied message or hint as to future stock market price activity.
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Really good comments -- Thanks muchly, Rick!
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Lookin' forward to next week m'self.
Regards,
-j
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