Ed, you are bang on with "they are on their cell phones". In this game, you are either on the inside or the outside, let us not fool ourselves. But, technology and information transfer has levelled the playing field, a bit, but there is no substitute for good, solid information.
Why is it trading the way it is? The statement from "early morning coffee" leads me to believe that CRN is being set up for a positive news release to get peoples emotions up. eg: No good holes, etc... and now, GOOD holes again. The volume and action is to have investors take notice and start talking about the stock, again stirring emotions. Obviously, this has already happened so Phase 1 has succeeded.
I would not be surprised to see what 'the Chief' has alluded to come about: ie: drilling near the first discovery in order to have a good story to tell in order to raise more cash by selling into the strength and volume that good drill results would generate.
Buy low and sell higher. When the story is the best, good results are out, Management is touting the stock, volume and action are high, emotions and greed prevail, THAT is the TIME to SELL.... IMO.
IR people are paid mouthpieces. "We don't know why the stock is trading, yadda, yadda...." That may be true (probably not), but does not change the fact that SOMETHING is up.
Mike |
