Taking a good old fashioned anal reaming now, and don't even know why. Any ideas what the hell is up with ADT? Takeover rumors?
Somebody knows something... You'd think that IRS tax bill would depress the stock, not cause it to rise.... Maybe it's a monkey off their back... sell the rumor, buy the news kind of thing...
Right, but I still really need to know what the news is. The more it drops, the more I reduce... until I know what's going on. You know what would REALLY be fucked up? If this entire thing was all just a fat finger error/bots run wild, or the like.
My guess is that this upgrade of an unrelated company with the same ticker on the London Stock Exchange is the cause of the price increase in ADT. Some people can't read. http://zolmax.com/research-analysts...shm-avv-bag-cey-ckec-cno-csrt-cvs-expn/77730/ AdEPT Telecom plc (LON: ADT) had its target price boosted by Northland Capital Partners from GBX 108 ($1.61) to GBX 115 ($1.71). The firm currently has a buy rating on the stock.
Actually, I've seen that sort of thing happen repeatedly in the past, and HFT Algo-bots probably can't differentiate. Our market is now firmly in the hands of Hal 9000, Gort, and Bender. Not a far-fetched explanation in the least, thanks.
Not impressive size to consider takeover, a hard bet yes, but far from takeover numbers. In my opinion, ADT just doing a technical move, downside should resume shortly on this stock.