Clifton Star Res Inc CFMSF

CFO is turning the corner

[tooclassy]

Today has been the first day in a long time that large bids for Clifton Star stock are appearing. After opening the day at $1.15, a bid of 50,000 shares appeared at $1.20 and investors have jumped above that level, moving the stock to the $1.25 area as of 1:00pm eastern time on Wednesday. Meanwhile, Haywood Securities has been selling hundreds of thousands of shares over recent weeks, keeping the stock price from moving up. It appears that the combination of recently increasing trade volume and today's volume and substantial bids has allowed Haywood to sell the remainder of this large position and go away. Although this conclusion could turn out to be incorrect, Haywood currently shows no offers of stock at any price. With new, large orders on the buy side and a declining amount of stock available for sale at these absurdly low levels, this suggests the stock price is more likely to move up from here than has been the case recently.

 

TC