Post by
Humphrey9 on Jun 11, 2015 11:25pm
53 Usually closes each day
As for bidding up the stock, the stock could actually be trading much higher, each time the offer gets taken out, it is immediately filled in to ensure price does not run up. As stated 53 generally closes out the stock on a down note and or ensures that 53 closes the stock at the last moment. I do not think the stock has been bid up the last three weeks as stated, I think it has been held back. Sure the offerings at time outweigh the bids in terms of board lots, but when they get taken out they get filled in, almost immediately by numerous sellers to ensure price does not run. As for the bids, there is support at the mid 220s on a daily basis. I am a long time shareholder and have followed the ups and the downs of this stock, am holding and not selling, just making an observation and frankly just getting a bit frustrated with the pattern of trade especially at the close on virtually a few hundred shares effecting SP. Surprised no one else has noticed and or commented on this.
Comment by
gibbonsj on Jun 12, 2015 12:11pm
I'm not complaining but from the way this puppy trades I get the sense there is a financing in the works.