Re: Something Besides KRY SP Is Up
posted on
Mar 24, 2008 07:15PM
My take on the action is that it appeared that someone wanted in and was willing to take the ask price to get it done. It was a bit wierd as, while the volume was good, it felt different and not reflective of a panic buy at all cost but almost slow motion buy on the ask. What do we know that is occuring this week? Well we know an earnings annoucement is expected sometime this week. Could it be related to this as a normal run up in advance of a positive earnings announcement. Could it be we are seeing advancement being made in VZ that could be leading to the issuance of a permit? I really do not know and to be honest I will not make any more quesses. What I do like is we are seeing some nice action in SP and let it continue to rise while we wait for the permit. That is the ultimate target and we must be getting closer to it.