RE: RE: RE: Dissecting the AGMgreat post jhar...as always.
as for the wall of stock...this is really a canadian market phenomenon - people dont like to buy something that is being offered, only like to buy it when they have to chase it, wont sell it on the way up and will trip over each other to sell when the share price is plummeting....in short, the market is full of lemmings who dont know which way is up.
truth is that one or two buyers with 20-30k each could take out the 5 cent wall easily...this is not big dollars and this will happen once a few "new" investors become aware of what we have here.
i find it very interesting that across the various exchanges there is over 1m shares bid at 4 cents when about a month ago you could have bought tens of millions at 4 cents had you been brave enough (and some were).
the wall of shares is an opportunity - i know it sounds cliche and is definitely self serving...but if you think as i do that we will have a 10-15 cent stock in the next 12 months then you can see why i would see it as a great opportunity.