Recycle, I doubt it. With the deals underway for some time, my guess is that whoever is going to buy in based on some knowledge of what's happening has done so, and MM's are keeping the price low until there is real pressure to move it based on substantive news, which will hopefully bring in new investors via buy recommendations. I don't believe (have no way of knowing) there is much institution money in the company stock yet.
IMO we won't see this price for long, or ever again.
While I was told the release was to be this week, the company has always taken its time getting information out, and this is probably the same... some committee is writing the release, and some folks have to say every little word is ok, etc.....
As I said, it's great information, but we'll just have to wait and see what type of release(s) we get, and when, to confirm what I was told.
Stay skeptical, and good investing. |
