InvestorsHub Logo
Followers 38
Posts 3120
Boards Moderated 0
Alias Born 07/07/2002

Re: None

Friday, 09/07/2012 10:10:44 PM

Friday, September 07, 2012 10:10:44 PM

Post# of 288
Most of the "scale" saga has been effectively wiped out, helped along by a 600,000 share block trade sometime shortly after 3pm EST. Someone willing to pay up, at the then high of the day.

Another Jennings cross trade??

Looking at the selling after the scale thing was disclosed, it appears to have been mostly retail, and mostly on the day it was announced. Usually a basing period of a couple months is required, after the stock craters, but it is now up almost to the price when it was announced, in short order.

The institutions did not sell for a reason, which is probably as it always is, they know more than retail, like the proposed acquisition of the Royal Standard properties, and what that will mean.