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Bullboard - Stock Discussion Forum CANDORADO OPERATING CO V.CDO

TSXV:CDO - Post Discussion

CANDORADO OPERATING CO > Not many selling for the time being
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Post by W.K. on Jan 24, 2011 10:32am

Not many selling for the time being

Picked up some at 3c,3.5c and still have bids at 0.03 and 0.025.
The management need new blood, they are not smart.
W.K.
Comment by trader4ever on Jan 24, 2011 11:13am
2 million shares (again) within two hours......and you state 'not many selling' ? LOL Maybe even insider start to sell now to save the last pennies.....which would be an overreation at this price of course! But check the char today....overreaction is existing....and the new release about a consolidation isn't even already well known. Let us see what happens if the market reads it ...more  
Comment by W.K. on Jan 24, 2011 11:27am
I don't think you have much experience in the penny stocks.Two millions shares within the first two hours is weak sellings for such bad news. Rollback is a dead sentence for a penny stock. But, there are still another hours and we don't know what happen.Good luck,W.K.
Comment by trader4ever on Jan 24, 2011 12:12pm
W.K, I would rather say you do not know pennystocks: Do you honestly believe Reed has decided this share consolidation ust two days before ??!! In my opinion all those selling since two months up to 40 million shares has been done by  people who have been told by Reed that he is planning a share consolidation. Now this heavy selling makes much more sense to me. So,.....if Reed did kind a ' ...more  
Comment by Rambo007 on Jan 24, 2011 12:24pm
So Goldengirl is right about the bogus PP at 10 cents...It was just a decoy for insiders to dump their shares
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