Hercules Offshore Inc (fka HEROQ)

[DiamondCutter297]

Think about the stock action. The stock had begun to move very violently to the upside last week, and had begun to see volume and break out.

It was behaving exactly like a stock that was in play. I am thinking it was already reacting to the rumor of those that were supposedly in the know, and when those that found out close to the last minute that they were going to lose big time on the short found out.....

Well, here we are. Look at all of the OMC calls that traded last week at 6, 7, and 8.

I think the rumor had some credibility and the deal itself got killed with the material adverse event clause with the underwriters or purported acquirer.

Of course we will never know.... But the trading pattern fits the rumor.... Seriously 30M in HFT in 3 trading sessions after a rumored deal gets scrapped and loss of a teenie weenie contract.

Doesn't pass the sniff test.