That 1100 share trade was probably a short covered at market for the long weekend.
Based on the track record of a few of the Yahoos in pre-posting LOA news releases (about 100% accurate, and one to two weeks ahead), I'm not sure that would have been a bad idea. Their prognostication is that the deal announced in Business Week will come to fruition and be announced, substantively as reported in BW, this week, maybe even Tuesday. The stock could pop a few points, maybe even run a little.
It will of course be a bulls**t deal in which a major telco "invests" a lot of money. I predict that the reality will be that the stock will basically secure the equipment financing they will provide, and while it will look like they are paying something a bit above market, LOAX will be paying a premium for the equipment. Of course if the company is true to form, we won't learn any details of the deal. By the time the details become apparent, the insiders will be long gone and the longs will be left holding the bag.
A couple of the Yahoo longs are skating on very thin ice with the SEC, IMO. You'd think they'd be smart enough that if they're going to post inside information, they might want to post FALSE information occasionally so that it's not too obvious where they got their information....instead they GLOAT about having posted inside information accurately, weeks in advance.
This is absolutely a GT0 company, but I wouldn't underestimate their ability to hold the price up a while longer. I'm still 50% boxed but am thinking of boxing the rest until it really breaks again.
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