Joe, RDOC - last week's play based on large block trading finally popped on Friday. Volume and number of blocks slowed down. There was a lot of activity going on based on preferred shares being converted, IMO.
PAGE's news, also a previous play, came out. PAGE is merging with AGPR. AGPR's chart has got to have James Cotton looking for his blues band if he sold his shares. I am sure that Amigo Cary is going to start a new blues band
when he peeks at PCTH. WOW!!!!
OLGC and MXTR still being accumulated. I bought MXTR again on Friday.
On bank stocks and sector rotation discussion. Bank stocks
received some attention last week as a value plays. Changes in federal law have allowed banks to offer more services under one roof, which has resulted in mergers and acquisitions. Despite the interest rate climate, there will be continued M&A activity, but I would not expect the sector to rally.
Interesting to see the big money moving into gold stocks last week.
Amex Gold Bugs +15.82 %
CBOE Gold Index + 13.70 %
PHLX Gold & Silver + 12.20 %
To big a move to be ignored. Heavy buying on BMG, PD, HM, HL, TVX, ASL.
BOTTOMFISHING:
XRX
AN
Sergio |
