Is anyone following this stock?
I have been short the last few days, but today's volumes were up a bit, maybe 2.5 mill by 4pm. This didn't fuss me, but on close volume ended up 9.5 mill, with large buy orders being put up in the initial moments of post market trade. I am no authority on this matter, but i believe there is a bit of M&A activity in the industry at the moment, i just wonder if we might get some price movement early next week, possibly a significant announcement also?
The stock is close to a long term downward resistence line at the moment....