Certainly the late Friday afternoon spike in trading, and the .20 jump merits our attention.
This is especially so as the stock has languished like a dead trout for longer than any of us would like to think about.
Is there something coming down the pipe other than the all too common dissappointment? Maybe, but I am not counting on it. When a stock has laid there stinking up the place for as long as this one has, it creates certain vulnerabilities in the marketplace. Desperate holders leap in too quickly hoping blindly that this will be the big one. The rise that will restore many to their prior financial health.
If the early message about the 1.5 million cross trade is accurate, and the individual or company behind that trade wanted to make it public to stir up the pot, then I fear the possibility that we are being manipulated.
I am also cautious to remember that 3 million shares represents approximately 1.3% of the outstanding 226 million shares. A good number of shares to be sure, but hardly statistically significant.
So cautious optimism may be the order of the day. But I wouldn't be mortgaging the house just yet.
Good luck to us all.
crazydik