Re: cll mentioned as possible takeover target on bnn
in response to
by
posted on
Aug 25, 2009 10:16AM
Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta
Spidey:
With all due respect, read the post before flying off the handle..
I said there was a VOLUME SPIKE.. Then I said
"..An analyst floats the takeover boat and SP spikes, looks like they're looking for a quick SP bump on rumor to shake some more shares from frustrated holders.."
SP traded between .89 and .90 yesterday..My level 2 showed that SP wasn't moving from .89 until the analyst went on BNN, then all of a sudden around 300k shares traded at .90..Now that my friend constitutes a SP spike. High volume at a higher price. The context of the post was that the comments shouldn't be taken seriously as they often float this crap around in order to influence the market.