GREY:PTVYF - Post by User
Comment by
CalifDreamingon Aug 11, 2008 2:53pm
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RE: I can't find any .60 cent paper!
RE: I can't find any .60 cent paper!Low liquidity is just another reason why warrants are the kiss of death - ~$0.60 becomes resistance (and hopefully, the floor) as $0.60 paper holders sell. However, the lower the liquidity, the bigger the relative resistance. Until they are finished selling, every pop is simply another selling opp.
In this market, I wouldn't be surprised to see shares trade below $0.60 until some news comes along (which will be met by selling once again as the PP guys try to get out).