Chem RX Corp. CHRXQ shares are very thin to $3.00 dollars, as strong hands shrug off market makers games of running it up and down trying to spark a sell off! Today the stock moved up 100% on $1100.00, then was walked down to close even on a $210.00 trade.
CHem RX CHRXQ shares are getting tight as apparent today when $1100.00 in buys moved the stock up 100%. Money has been pouring into the stock since the announcement that they signed a $70.6 Million buy out deal named, "Stalking Horse' agreement. Shares of Pharmcia {NYSE: PMC} have been trading up since the deal was announced, up 12%.
Rumors have been swirling as to what a "Stalking Horse" agreement is. It's an opportunity for PMC to acquire all business of CHRXQ, for pennies on the dollar. A "Win" "Win" deal for PMC.
It's also an opportunity for other buyers to come in and make an offer, this allowing the maximun share price by out possible. A "Win" Win" situation for the share holders, the CEO and his family!
We expect to hear news soon.
As the story develops, we will keep you updated.
~Stay Tuned~
~Spartan~