hey howdya like the move today???? gotta love it,
awesome volume and the option volume was double to triple from what yesterdays volume was, same calls too, the April $7.5 and $10's.
Wow, gotta love todays move, haven't heard much on why though, and tell you the truth, I am at a loss myself. Nice to see the reiteration, but that can't be it, in fact I don't even see it on any of the major wires.(though thanks for posting it above). Probably close to 10 million shares traded in the past 5-8 trading days,(don't quote me on that)....that is a lot.
Closed right near its intraday high too, so me guess we see at least $11 tmw since we broke right through $9.75.
Maybe Mac should've offered $15/share right off the bat. With PSIX having a market cap over 500million now, I could see where they could command a buyout/merger price of $750million-1billion/share. Not too hard to imagine....boy if that would only happen.
Anyone else got any thoughts on why such heavy buying on shares/options? Can't be followup to the article from yesterday could it?(http://www.zdii.com/industry_list.asp?mode=news&doc_id=PR19980311DCW009&ticker=psix)
oh well, anyone gonna take a little off the table tmw? Might be wise if volume begins to slow down, probably happen anyway from some of the bigger holders as weekend gets here.
regards,
cg |
