From AOL* "I'm no market guru but have been active in the markets for 12 years and am now a f/t daytrader and have observed similar behavior by target companies many times.
It is in the suitor's and the "deals" interest not to comment until the ink is on the paper. Today, huge buying of over 750,00 shares crossed in less than 10 minutes at around 12:30 EST before the halt. There was a leak. The MM's we're swamped and the exchange issued the halt. Final vol. was 7.376MM vs. 539,000 a huge increase. Is this all dumb money and daytraders. I don't believe so.
If you look at today's intraday chart, the gap at 30 has been closed. the stock firmed to 33 1/4 and settled at 32 1/4. This stock is technically poised to go higher and test the highs put in today at 39. The story is a compelling one. Net TV without having to buy or rent a very expensive cable modem. With ten's of million's of subscribers, imagine the savings. Analysts est. their multiple key patents' are worth in the neighborhood of $1B divided
by ~12MM shares = $80 range. Add in the potential bidding war equation as the "portal" companies -- MSFT, AOL, YHOO, XCIT etc.-- jockey to ride the next wave of growth through the leading emerging technology, and you have a sweet smelling situation, not one that calls for a room freshener. Granted, it's not my GE, but the gamble is a good one IMO. $^)
Regards,"
RMCLB "Bob"
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