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The big wall street story today was roller coaster ride of bluestar airlines. Fueled by takeover rumors, the stock soared to an all-time high at 24 and one eight. Then when contradictory rumors later surfaced that the takeover was unfounded. buyers went running for cover and stock plummeted on gigantic volume to 16 and a half before closing at 17. But then tonight, amidst all the scuttlebutt, another rumble shook the street. According many sources Raider Sir lawrence wildman has stepped in and bought a substantial block of Bluestar..and is going to anounce a deal tomorrow at 18 that inlcudes the support of the unions. We talked with a leading stock market analyst in order to understand the ramifications "Son of @@@."|
Fueled, In this case, "fueled" means powered, or propelled.
"takeover rumors" are talk or gossip which suggests a company is about to be bought.
"Soars", If a stock price "soars," it goes up very fast, like a bird.
"contradictory" If another rumor is "contradictory," it conflicts with, or is, the exact opposite of the previous one.
If news is "unfounded," it not true.
"rumble", A "rumble" is a loud noise, such as when a truck drives by.
"a substantial block", In this case, "a sbustantial block" of a company is a large percentage of their stock.