Saw the volume and thought i'd comment. This stock could really blast off here. I found out a little of what's been driving this.
I spoke with the group that put out the letters today. They said their source is the same source that reported the CBYI merger. They said they're in a quiet period at the moment due to legal issues (no more alerts), however they're expecting the Oil & Gas company (the one with 5 million net income) to make a formal bid in the coming weeks to the owner James Arabia.
They said although these it's still in the "rumor" phase, based on the recent price action of the stock they say a bid is "highly likely, although nothing's guaranteed."
Trade accordingly of course. Not a buy or sell recommendation. Just wanted to let you guys know where the volume could be coming from here.
If anyone has anymore information please share
"Stocks turn on a dime, most traders cannot. Therein lies your profits"
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