Spoke with John as well..
String of contracts and JVs are all lined up ..
He also explained todays action...
There was a one sell of 70,000 shares as floor trader walked away then another 20,000 sell hit,,, and as soon as it hit 5 ,,, 70,000 buy picked it right up...
COES should be bottoming here,,, and will move in relation to commons of CXI ,, with 2 - 3 days delayed reaction ...
Come Feburary both will move..
He feels their stock price in relations to the contracts they have and will have is a gross mis match... but thats IR speaking..
Also today at closing , I noticed more shorts moving in on this..
I am afraid its gonna be a wild and crazy ride for a while,, I am putting on a day trading cap on this one ...
Joe |
