Now for those who keep obsessing with the share price I ask you this...
GWY got bought out + spin co Friday.... (FACT)
If a buyout was in the works...why was the sp driven down (on low volume) from 1.30 to 1.03 just 7 days before the buyout news....what was wrong with the company 7 days earlier and what can you learn from this...
1) NOTHING WAS WRONG!
2) PRICE MEANS NOTHING
3) CHEAPER IS BETTER!
| Date |
Open |
High |
Low |
Close |
Volume |
Chg |
% Chg |
Adj. Close |
| 10/19/12 |
2.02 |
2.29 |
2.02 |
2.15 |
10,868,068 |
0.56 |
35.22% |
2.15 |
| 10/18/12 |
1.54 |
1.61 |
1.52 |
1.59 |
550,900 |
-0.01 |
-0.63% |
1.59 |
| 10/17/12 |
1.52 |
1.68 |
1.52 |
1.60 |
1,464,876 |
0.04 |
2.56% |
1.60 |
| 10/16/12 |
1.38 |
1.70 |
1.38 |
1.56 |
4,052,345 |
0.21 |
15.56% |
1.56 |
| 10/15/12 |
1.23 |
1.35 |
1.23 |
1.35 |
843,038 |
0.13 |
10.66% |
1.35 |
| 10/12/12 |
1.19 |
1.30 |
1.19 |
1.22 |
773,455 |
-0.01 |
-0.81% |
1.22 |
| 10/11/12 |
1.15 |
1.23 |
1.13 |
1.23 |
754,200 |
0.10 |
8.85% |
1.23 |
| 10/10/12 |
1.05 |
1.17 |
1.03 |
1.13 |
682,457 |
0.06 |
5.61% |
1.13 |
| 10/09/12 |
1.03 |
1.12 |
1.02 |
1.07 |
326,500 |
0.04 |
3.88% |
1.07 |
| 10/05/12 |
1.04 |
1.08 |
1.02 |
1.03 |
315,300 |
-0.04 |
-3.74% |
1.03 |
