OTCPK:ATGYF - Post by User
Comment by
SurfForWealthon Jun 21, 2007 5:03pm
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Post# 12980807
RE: iceberg at 6.50
RE: iceberg at 6.50I would not be concerned about an investor trying to unload a large block of shares. In my experience this usually turns out to be good for the share price. Large volume is often good for the stock, particularly when it is in an uptrend & large volume requires some big volume seller(s). There are many reasons for someone to want to sell a large block. They may have gotten in very early and it is time for them to lock in big gains and move on to another early stage play or they may want the cash to buy somethimng they view as a better bet. They may be facing redemptions or whatever. A seller of volume will often wait for some news to create some excitement and bring some buyers to the table.
There was a big seller in Ithaca just over $2.50 when I was buying into it a couple months ago. It now sits at $3.22.
I am one of those OIL & AEN holders and would suggest adding Ithaca (IAE-V) to that North Sea mix. I first bought into OIL in Sept 2006 at $6.10 & AEN more recently at $5.25 but I added more AEN yesterday. Good luck, Cheers!!!