RE: SGE - emit
posted on
Jan 06, 2005 08:54AM
Wencor has been quiet for awhile now, putting some questions in my mind (e.g., are customers waiting for FFA approval of the installed digE?).
This PPS action is also perplexing. My theory; FLCR is buying all they can at their established bid and doing a ``head fake`` by showing an ask of .335 (without executing any sells) in order to hold the PPS down; buy orders by ``general public`` individuals going off at .33 are being executed by MMs other than FLCR having inventory acquired in the twenties. I don`t think the FLCR action has necessarily got to do with a pending buy-out offer, though establishing a large position (under the RADAR) in anticipation of a buy-out offer of $5+ would help offset the buy-out cost by the buyer (resulting profit from price move after offer reducing cost significantly). More likely some entity that`s ``in the know`` (a customer?) taking a large position.
But, as usual, I KNOW nuttin`!
Congrats to ONT owners today!
SGE