This is but one sign to utilize when noticing what stocks to look at.
JD, these types of signals are rife everywhere in the market place.
As mere mortals that dont have inside information we need to use these signals to the best of our ability to buy and sell.
Fact is, if you have heard of the rumour so has everyone else and the rumour is factored or being factored in to the price. Generally it is to late to buy when news is released .... Hence the saying, 'buy on rumour and sell on fact'...
With that volume i will certainly be keeping a close eye on further action.
Cheers
GPN Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held