GREY:SMDWF - Post by User
Comment by
CQCmasteron Dec 10, 2015 1:11pm
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Post# 24373642
RE:And where did the volume go?
RE:And where did the volume go?
like I said before, tax loss selling occurred on that day. Usually happens around this time of Dec due to the 31 day rule. A few houses are swapping shares under a different name. Another thing I should point out, there is one house that has been accumulating shares in small chunks. Keep in mind that a lot of the financing were in warrants. Therefore, the only way the money will go to the company is once the warrants are exercised. The company has given away a lot of warrants and paid a good amount in fees for them. These warrants will not go down as a waste and I can tell you that the price will be manipulated to the upside, same way as it was manipulated to the downside. As far as 40 cents goes, that I can't make any promises. If wave 1 and 3 add up to 25 cents, then 32-35 (wave 5) is the maximum you'll see unless something extraordinary occurs like a buyout of the company. Anyway, if you think that the price will never move from this range, then I suggest that you sell now and move on to another stock. I am quite confident that we will see 20s before April.