GREY:DRGDF - Post by User
Post by
smilleyon Apr 08, 2009 5:12pm
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Post# 15906048
Stock Price Still Being Manged
Stock Price Still Being MangedI was hoping to see greater liquidity in this stock, but today's volume of 52K was pathetic. It also had an unusually tight trading range of about 35 cents. Over the last week I've been lightening up my position at $11.00 but today I added some back at the open and paid the high for the day. The usual trading scenario went on all day with 100 share buy and sell markers capping the price and lowering the bids. It wasn't unusual to see 10 - 15 cent variance between bid and ask. In this market, it would be very difficult to exit a large position at market without moving the price down at least a dollar. The present trading pattern has all the earmarks of shortcovering but, I'm guessing now that what we are seeing is slow and deliberate accumulation on someones behalf.