GREY:HRIVF - Post by User
Post by
SeekingDoubleson Jul 07, 2011 10:53am
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Post# 18806001
SHARE PRICE BEING HELD BACK?
SHARE PRICE BEING HELD BACK?If you take a look at the level II trading as of 10:30 am today
there is over a million shares on the ask between 1.18 and 1.20
I have not seen that since 2008
Perhaps it's just a few retail minorities looking to cash-out? (unlikely)
Or maybe a few shorts who believe HRG is overpriced?
Perhaps it's mordy's friends attempt to keep the current price suppressed
so that his 1.50 offer looks good?
Either way, I suspect we won't see any price appreciation until forever-stall is ready to make their offer
Good luck to everyone
jmho