I talked with a major investor today and he felt it was possible with this buying pattern and the way it is being done that someone is trying to gain a position in the company. When J P Morgan bought back that couple of million or so it was hardly noticeable - it caused barely a ripple. This buying seems to have a sense of urgency about it. I wonder why. I'm not surprised though as CRK has been neglected for so long it had become an outstanding bargain. I bought a small parcel yesterday after having sold some other shares which themselves had done well. It'll be fascinating to see what is revealed in the next few weeks. Let's see if that parcel at 90c is taken out quickly. It looks like a resistance point but it may not last very long. We'll see next week.
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gaining a foothold?
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