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Bullboard - Stock Discussion Forum Alterra Power MGMXD

Alterra Power Corp is a renewable energy company. It is primarily focused on development, construction, and operation of renewable power projects. The company's business has four major segments - Construction and Development, Geothermal, Hydro, Wind, and Solar.

OTCPK:MGMXD - Post Discussion

Alterra Power > Heavy trading
View:
Post by RDK241t on Oct 26, 2016 6:07pm

Heavy trading

Heavy trading today at ~ 170,000 shares.
Before the split that equates to over 1.7M.
Any thoughts on what the catalyst was behind the increase?
Comment by Newstock44 on Oct 26, 2016 10:23pm
My thought is that anything under $6.00 is less what the big boy's are willing to put out..(I bought more) Now we are going to have to wait till March to see the Balance sheet for the fourth quarter...well at least we have to look forward to the dividend announcement soon... And of course the American election results could really effect this stock..just my thoughts cheers 4.4 
Comment by materialsgirl on Oct 27, 2016 2:59pm
Heavy trading often follows a major capital raise. Some long term holders may have subscribed with the intention of selling some of their original shares at a price over $6.  Then, bingo, as often happens the share price falls down to 5% or 10% below the public offering discounted price. We need to always be prepared for a 10% to 12% thump whenever there is a new capital offering. The price ...more  
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