Jamie, Hutch, and All:
I spoke with IR at sterling about 1 hour ago, and he assured me there
would be a news release today!! I asked if it would be after market
close, and he indicated yes. I was unable to get any hints as to what
the news may be, his mood even seemed to be very controlled, so who knows
what it might be. I agree with Jamie in regards to the volume not picking
up at all. Its hard to believe that they have been able to keep things
this quiet, but then again, if there is any company out there that must
keep quiet, its CWA. This especially holds true, in light of the ongoing
invesitgations with DML/NAI. I would have thought there would be a little
runup just in speculation of good news, assuming that people knew the
news was to be out last Friday or Today. Maybe people were just to cautious
considering they have been stringing us along for months now. I keep
going back to the idea of why they would not release the news on Friday,
if it was not going to be favourable news. Would'nt Friday have been
an excellent day to release bad news from CWA into the market? I mean
how much worse could it have got on Friday. I am going to be the optomist
this time around, and predict that we receive favourable news, after all
it does make sense considering the timing. The only concerns I have is
the lack of increased activity, and the fact that there is large amounts
on the offer side. Do you really believe they could keep news that quiet?
If the news had been bad, I could see it leaking, but if it is good, lord
knows that management will want to play there cards very carefully.
Well, maybe its time to check, the news might be out by now. Can anyone
post the market depth at close today?
Good Luck
Don
PS: Don't forget, I lot of what I post is just my opinion only, the
rest is fact's!!
PSS: I am off to work again, and will not be posting till later on
tonight. Lets hope that by the time I get back, we will all be much
happier, and wealthier (At least on paper). |
