StockFetcher Forums · General Discussion · AL ???<< >>Post Follow-up
fokane
74 posts
msg #56029
Ignore fokane
10/25/2007 3:41:20 PM

Can anyone explain what is going on in this chart? See the very narrow range candles....it looks like it is going nowhere but is moving steadily up.
It just looks strange to me, is it accumulation or indecision ?


johnpaulca
10,087 posts
msg #56030
Ignore johnpaulca
10/25/2007 3:56:16 PM

just looking at the volume I can see more black bars than red...accumulation would be my guess.

fokane
74 posts
msg #56043
Ignore fokane
10/26/2007 6:51:01 AM

Thanks JohnPaul, good input.
I read that narrow range candles on decent volume usually means accumulation but i dont really get how someone can distinguish accumulation from distribution until there is a break out or break down.

fokane
74 posts
msg #56055
Ignore fokane
10/26/2007 12:03:09 PM

Here's another one BOL



fokane
74 posts
msg #56059
Ignore fokane
10/26/2007 3:31:07 PM

Right I finally solved the mystery...AL and BOL are being taken over so will cease to exist in the coming days or weeks
I knew there was something strange going on LOL

johnpaulca
10,087 posts
msg #56060
Ignore johnpaulca
modified
10/26/2007 4:41:26 PM

I see what ur saying...GSF ( I sold this morning) is being taken over or merging with RIG by year end and yet the chart doesn't look anything like BOL or AL. What happens if they merging??? is their a difference ???



fokane
74 posts
msg #56148
Ignore fokane
10/29/2007 3:13:13 PM

Maybe the difference is time scale, BOL and AL ceasing to exist sooner than GSF? I dont really know, dont have a business background.
There is probably some business type logical explanation for this price action...

dbyrt
70 posts
msg #56156
Ignore dbyrt
modified
10/29/2007 4:56:47 PM

When a merger or acquisition has been agreed, and the terms decided, as in this case, the share price isn't going to move.

e.g, Rio Tinto is taking over Alcan with a share price agreed of $101
"The offer to purchase all of the issued and outstanding common shares of Alcan for US$101 per common share".

The same is true for Bausch & Lomb

e.g. "troubled leader in the eye care industry, said yesterday that it had accepted a $4.5 billion takeover offer from investment groups controlled by Warburg Pincus, a private equity firm known for backing a wide range of health care companies. The offer was for $65 a share in cash. The deal includes $3.67 billion in cash and the assumption of $830 million in debt. "


StockFetcher Forums · General Discussion · AL ???<< >>Post Follow-up

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