A few random questions and ideas.
If gmgc goes up again tomorrow
on abnormal volume, what would that mean, typically?
That is, take your generic stock X. One day, for no
reason, X starts going up on high volume. The trend
continues for six business days. What would one conclude
from such a pattern?
My take is such a pattern doesn't indicate a typical
trading pump-and-dump (see RAVA for an example of a clear
recent P&D.). Instead it must mean a major partnership or
acquisition. Or - is that really true? Anyone own
a stock which has acted similarly, and then done
something different?
I'm also struck by HC's comment about Friday trading.
That last-hour surge looks awfully suspicious. Could
we conclude that news is imminent next week? Or am
I in my wishful mode again?
Another thought. It seems strange to me that gmgc would
be acquired *now*. Why not acquired prior to their
recent convert deal? That would appear to be the time to
best close an acquisition, avoiding the dilution.
Also, I really doubt gmgc could be acquired at any
reasonable price. My take is that gmgc has a very high
opinion of itself and thus would demand a valuation that
an acquiring firm is not likely to provide.
Therefore, I wonder if this move is simply due to
a close on one of their internet deals. Say, for example,
going live with Intuit. Certainly, lots of people at
Intuit would be aware of this and that might be a
sufficient population to spark the trading.
GMGC, such an entertaining stock.
Sea Otter |
