MARKETS

Look up in the air ... it’s a bird, it’s a plane ... no, it’s a KAR

KAROON Gas’ stratospheric rise from zero to hero shows no real sign of abating. But with the absence of any real news from the company aside from the speculation as to the value of its new Browse Basin acreage, one has to wonder if the bubble will burst. In the meantime KAR seems to have found new support at the $1.40 mark, after about two weeks at the $1 mark.