Research Pit

[jonesieatl]

lonestar:

It's interesting that TDYH had a couple good days of runup on higher than normal volume before the news came out publicly.

That's actually not interesting ... that sucks.

If you figure that those trades were people IN the know buying, and people NOT in the know selling, then the volume in those two days would not represent folks who don't "trust" TDYH, IMO. ;)

Now the volume YESTERDAY and today, that's a different story. It's either folks who don't trust the deal, or insiders selling now to get more for their money (least likely explanation? anyone?). Anyway, about 200K shares have exited since the announcement, representing folks who don't trust the deal at 4.50. What's that, 10% of the non-insider-held float? Not that much of a percentage .. so far.

Oh, wait, I suppose the SOME of the buying preceding the NR could have been folks IN the know, then that started some excitement and folks NOT in the know started buying too.

LOL, wtfdik.

jonesie