Here's a summary of some of the latest chatter from trading boards:
- Glu is about to merge with or be purchased by Chinese online gaming powerhouse Changyou.com Ltd (CYOU)
- GGV Capital made an aggressive Glu buy (400k+) in anticipation of a big announcement...others followed
- Substantial insider buying on renewed confidence
- Conjecture about a management buy-out while the stock is cheap
- Investors believe the company is well positioned to take advantage of iPhone in China (...but then why wouldn't Gameloft be jumping as well?)
- Some think technicals support a higher stock price
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Has Greg Ballard announced a last day yet?
ReplyDeleteRe: Ballard...I am not aware that he has announced a last day and have heard nothing about the search for his replacement (maybe time to do some more asking :-))
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