Re: ALYD - Interesting market response to Gruder's (the CEO) interview
Volume was fairly moderate in the AM, but became real heavy at noon, the time the Gruder interview finished. Two possible conclusions:
1) It took a while for people to react to the press release, or
2) The metro-DC listeners liked what they heard and all called their brokers at one time.
I tried getting someone at ALYD's investor relations department to fill me in on what he said, but, the only guy that knew anything had "just stepped out" (really BAD timing, IMO). Note: I used to get great response from ALYD themselves, but have been VERY unimpressed with that "other firm" that has taken over the PR; this is not an isolated case.
Anyway, I opt for choice 2 above simply because of the spike in volume which would be consistent to a widely heard announcement. Had there been a gradual run-up (i.e. as more and more people found out), I would have made the other choice.
If I am correct and the DC-area listeners were impressed enough to all call their brokers, we had BETTER see a press release about what Gruder said pretty quick to keep the momentum going.
Of course I program computers for a living so what do I know...
- Jeff |
