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Empire Resorts (NYNY-nasdaq) a takeover or merger?

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Views: 181
Posts: 4
 
Legend
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Joined: Dec, 2001
Posts: 85256
Posted: #1
just after 2:00 edt today the stock went NUTS straight up in the air on news a that a major asian casino operator was making an investment in their operation. ONLY thing I can figure from this price move is that people are speculating on a possable takeover or buyout. went from around 1.90 to over 3 in about 15 minutes and is currently trading around 2.80.
 
this is one thin assed stock and I sure wouldn't chase. also, to quote the great Mike Lange, "I've seen that fish before"
 
Legend
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Joined: Dec, 2001
Posts: 85256
Posted: #2
 
son of a bitch is moving in 5 to 10 cent gaps now
 
Covers Linesmen
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Joined: Feb, 2003
Posts: 58464
Posted: #3
Volume really isnt there yet, spreads still wide.

If the right people get sniff of any action it will probably go even higher.

3.18 on the high.
 
 
Legend
Participation Meter
Joined: Dec, 2001
Posts: 85256
Posted: #4
2+ million shares going into the last half hour is 20X their average daily volume.  currently around 2.70.
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