Morn'n shades: $20-$25 is a ridiculous value( $75,000,000)for this company. Not even going to debate you this morning, I think I'll jump on the sled and take a ride.
I will say, as was touched on last night, vol. is a great indicator,
and if there is a very small float(float+firmly held shares-look at ATPX) without buying,I see this stock price going nowhere. Even on the news of the proposed merger, you only got a few days with vol. near
100K. Yesterdays vol. of 7k, is not indictative of a short squeeze,and
at this point I believe volume is the key indictor( and the reaction in traded shares if/when news good/bad comes out)
have a good day,
DD--($75m, HeHe)
PS: if I'm not mistaken, one of the press releases mentioned 2% profit margins in the bottled water industry..
$30m(supposed,maybe contracts)X 2%=$6oo,ooo |
