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Friday, September 16, 2011 12:52:54 PM
Especially with the rumor of the CEO change or possible Buyout today.
Not everyone who trades stocks bought the top of ramoil and are stuck holding bags. Some are looking at it for the first time and are liking what they see.
Why is no one buying the ask? There is no volume like you stated. Why buy the ask when you can sit on the bid and wait for the impatient or aggravated to sell you cheap shares? When news and volume hits you will see the ask being slapped hard and those who sold or late to the party kicking themselves in the arse. When an $84 dollar trade can drop the sp by 30% there is good opportunity to pick up cheaper shares, and also support the bid.
Are you still holding shares? I know previously you stated that you were. SP going up will be good for you. I'm surprised you are not enthused about the rumor of change today.
Small volume over several months adds up.
My opinion traded for your opinion.
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