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Why the jump in stock price?

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  • Why the jump in stock price?

    BXG has really been rising lately, up nearly 5% today, and up something like 75% since early March.

    I do know they were upgraded from a sell to hold rating by 'TheStreet'. I know they are also selling off the residential side of the business.

    Anything else happening that is making this stock pop more than I have seen in the recent past?

    I am not complaining mind you, my profits make me but just wondering what triggered it so I can look at how long it may go.
    Don

  • #2
    I was just noticing this myself...strange that you posted at the same time.
    Take a look @ this view

    Bluegreen Corporation: NYSE:BXG quotes & news - Google Finance

    pay attention to the middle 'box' or the volume. See how they are oscillating in a distinctive pattern..buys (almost) daily of 80K, 40K 40K,80K, 50K, 25K, 40K, 70K, and it repeats......

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    • #3
      Maybe the Diamond offer is being resuscitated and the insiders are jumping in?
      “Maybe you shouldn't dress like that.”

      “This is a blouse and skirt. I don't know what you're talking about.”

      “You shouldn't wear that body.”

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      • #4
        We were watching HOT ( Starwood) and should have been watching BXG instead. We thought that with airline prices climbing that many people would travel by car this year and staying at resorts in the USA.

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        • #5
          Merger with BFC

          The two corporations trying to merge (with stockholder approval). BFC will give 8 shares of BFC for 1 share of Bluegreen. BFC is a penny stock. BFC currently owns about 52% of Bluegreen stock. Ihave no idea how this will affect TS owners.

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          • #6
            Up 40 cents again today.

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