Out of the last ten PRs, only five were done on a Tuesday or Thursday - so I think the pattern has been broken. I'm for sitting pretty until the ducks are in order.
Lower volume can help this inch higher but it can also cause it to drift lower in the absence of real news - my preference of course is higher, along with everyone else. But as I don't expect real news, I expect we keep waffling through yearend, inching higher at best.
I don't see why they'd waste a PR on unaudited results now if they are close to filing audited results in the first quarter to early second quarter of next year. Why steal the thunder? If the past is prologue, they didn't feel compelled to state anything regarding a calendar year-end financial review at the end of 2005 (of course they were more focused on acquisitions then as opposed to now).
We may see a ProGas / Rome Oil PR (long overdue), update on the pit and the impact of the new equipment in relation to filling orders, or Heaslip and 3-D (we should be hearing how they're faring in the post-Katrina construction environment). Otherwise, I'm just waiting for early 2007 when I hope the real news comes out - share structure and the filing of the form 10. As it was said in an earlier post, PRs are doing little to move this stock. Why waste them without the form 10?
But hey, I like surprises at Christmas and wouldn't mind a good one. Here's to hoping I'm dead wrong about all I just wrote.
AI
