It tells me it is a great momentum trade and not a long-term store of value. It is down even more today. Surprisingly, Fartcoin is up.
Now on to more serious matters.....I am assuming the volume rise a few days ago was tied to the news today. I am surprised the stock dropped on the news....unless the deal is not viewed favorably? Trade the rumor, sell the news? Or is a decline in sympathy with the overall market? We'll have to find out how much they paid for it when Cameron was acquired. With a lot of gold supposedly there I was surprised they did not get a higher price. After seeing what has transpired with past share deals here, I really don't care that we got 80 million shares of the new company.
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