Quote:
Originally Posted by dudafunk
Right, what I was saying was, Friday night market close, this stock was great and nothing on the news, and now first thing Monday morning it shoots up. So some magical deal was made over the weekend? :-/
If the stock has gone up 30% overnight, some people have made money. . . sounds manipulated, no?
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The people that already owned it made money, yes.
It's not manipulated as long as people trading it are not using insider information. If someone involved in the acquisition deal used his knowledge of the pending deal to buy the stock on Friday, you bet your *** he'd be going to jail.
This is all VERY normal.