RE:RE:RE:This weeks trading 20 million in 4 days
theCurse wrote: brianjames wrote: That's over $12,000,000 of someone wanting to get
into this stock. I'm taking that as a very good sign
BJ
See, that's part of the problem with MOZ since the last financing. It's mostly just an activity for algorithms pushed forward by entities wanting to get 1 penny here and there. No one took home 20M shares. It is my belief that significant portion of each day's volume is washing back and forth during the day. Put it this way, 2.3M traded today, the buyers did not leave with 2.3M more shares and the sellers did not leave with 2.3M less shares. imo anyway.
It's a signficant reason the price is where it is. we never had these daily volumes prior to the last financing. it's opened up an opportunity for traders who could care less about what the company actually does (or does not do).
that aside, how about the CEO put some $$ where his full of himself mouth is. and some other insiders. oh wait, they'll just option themselves up again down the road.
tC
This was a pretty easy name to short term trade pre-construction and financings, you could move in and out rather easily 5000 shares with a 3-5 cent movement was $150-250 and you could usually do it 2-3 times a week... you only had to hope you didn't get caught in for a report, unfortunately most reports even if they were good indicated it was 3-6 years before production and it would cause a turn over...
I made a few thousand doing that, and many times I'd be frustrated setting a lower limit order at say .88 and it would bounce down to .89 then back up to .94... or I would do the same on the sell side when holding, try and squeeze .95 cause it hit that last week but this week it touches .94 3 times then back to .90...
I think the current action has a bunch to do with many names on sale so why hold onto something that isn't going to put up numbers for a year and half... But I look at it as I could have entered a beat up more well known stock that was down 15-30% and likely jumps back there and chugs back along... or I could see this move 50% very quickly with the right news and a $2-3 value in a couple years in production. I want to get more CNR cause the current price is stupid, but I think can get more here on a shorter holding period... then jump into CNR a little later with my gains here.