Ted,
Yes Ted I'm having a great time.
While many others have been focused on the share price, I along with others, have been focused on the market maker's activity.
In sophisticated trading environments, the skilled trader will identify the houses that are accumulating on the bid and/or banging on the offer. After identifying the players, they will then use this information to time their trades (buying or selling) to best facilitate the most favorable trade.
For some time now there have been two houses on the bid frequently, silently accumulating. This past week they picked up the pace, especially Thurs. - Fri. and were quite obvious by "coming out of the closet" so to speak.
It is my opinion that the composite inference of both Franklin's recent agenda combined with the tape, make that bird quite tasty and ready to be carved.
Please understand that this is just one man's opinion, but I will say that I have acted upon it by adding more shares.
Hand me the Henkel and wet stone,
rb
"Come on Tommy Turkey, gobble-gobble, hop up here on the carving board." |
