Hi Laz,
Before we begin, look at the bottom of this page. Look at the volume.
Think about it. Huge is not a description I would use here. In contradistinction, look at the volumes in ATHM for Friday and Monday last. This 'thingy' at the end of the day today in GBLX is a snore. The explanation for the spike is that while some people were unloading their day trades so they could go flat and have a decent night's sleep, some speculated that the QWST|BLS fantasy bid was real and GBLX would be saved from its folly and some said Grubman "get's it" and I want on this Super-Express to the future. But no one said it loudly, if that was what you were hoping to suggest with your post, I'm afraid that what we must conclude is that a thin market like the one we have been experiencing lately means almost nothing. The strength that GBLX has been displaying lately is akin to the early growth of the winter wheat in Kansas, one good hail storm (think FED) and this thing will go as flat as Salinas. Precarious times my friend, beware. OTOH, a summer rally could be a lot of fun, don't you think?
Unlike ahhaha, I willing disclose that I am long GBLX, I am not tendering and I'm certain Gary is gonna give Berny a run for his money. C'est necessaire, mai non?
Enjoying the game, Ry |
