| 1. What are the two key mistakes beginners make in
reading trends? 2. Which "key" chart pattern reveals a top or bottom is near? 3. What are the most reliable chart patterns? Answer these questions and more with your FREE 10 day trading course |
No Comment From Greenhunter Energy (GRH) On Unusual Stock Surge
Greenhunter Energy’s share price was up by 62% on Tuesday, and the New York Stock Exchange wants to know why. After Greenhunter shares hit their nadir with a record-low price of 91 cents on Tuesday, they surged to $1.86 on Thursday, with a record number of $1.6 million shares sold.
Greenhunter won’t comment on the surge, but Pavel Molchanov, an analyst from Raymond James speculated in the Wall Street Journal that it could be due to Greenhunter’s negotiations with its main creditor, WestLB AG.
"Even though the company hasn’t given specific updates with discussions with the lender, which are ongoing, its possible the market is anticipating a positive resolution to those discussions that would alleviate the company’s liquidity crisis," said Molchanov.
:::: >>>
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
No comments yet.
Leave a comment