Normal
I agree Dutchy, something is going on and it seems a steady price increase is happening, which I called the beginning of a couple of weeks back. You can clearly see the automated buys going on every few seconds / minutes and this has nibbled away at the sellers. Over enthusisatic sellers have been biting at this carrot but in the end it may be to their own detriment as it shows no signs of abating.Someone is definately building up a stash ready for something, an insti buyout maybe, the balance sheet has to look appealing. In the meantime im going to sit back and watch the nibbles. Looking like a steady rise to high 2s or even $3 is on the cars over the next 4 weeks.Good short gain i think is to be expected whatever your opionions of their strategic business value, there is no denying whats going on.
I agree Dutchy, something is going on and it seems a steady price increase is happening, which I called the beginning of a couple of weeks back. You can clearly see the automated buys going on every few seconds / minutes and this has nibbled away at the sellers. Over enthusisatic sellers have been biting at this carrot but in the end it may be to their own detriment as it shows no signs of abating.
Someone is definately building up a stash ready for something, an insti buyout maybe, the balance sheet has to look appealing. In the meantime im going to sit back and watch the nibbles. Looking like a steady rise to high 2s or even $3 is on the cars over the next 4 weeks.
Good short gain i think is to be expected whatever your opionions of their strategic business value, there is no denying whats going on.
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