The Goldcorp/Glamis Gold Deal Contributed To The Early Spike
The Goldcorp/Glamis Gold deal probably contributed to the spike at today's open. Glamis is weighted significantly more than Goldcorp in HUI, see
http://www.amex.com/?href=/othProd/prodInf/OpPiIndComp.jsp?Product_Symbol=HUI, so, it appears that Glamis contributed to the spike at today's open, since it rose substantially versus Goldcorp falling substantially, as the acquiring firm usually does in takeovers. See http://finance.yahoo.com/q/ta?s=%5EHUI&t=5d&l=off&z=l&q=c&p=&a=m26-12-9,p12,fs,w14&c. ....... http://www.JoeFRocks.com/
http://www.amex.com/?href=/othProd/prodInf/OpPiIndComp.jsp?Product_Symbol=HUI, so, it appears that Glamis contributed to the spike at today's open, since it rose substantially versus Goldcorp falling substantially, as the acquiring firm usually does in takeovers. See http://finance.yahoo.com/q/ta?s=%5EHUI&t=5d&l=off&z=l&q=c&p=&a=m26-12-9,p12,fs,w14&c. ....... http://www.JoeFRocks.com/
posted by Joe Ferrazzano at
8:30 AM
