RE:They want cheap shares for votesChiefBronco wrote:
Once they've got most the share they need, they will use the final buying pressure to bring sp were they want it pre split. What do you guys think?
I think:
1.) I someone is manipulating the price for one sole purpose (to get OUR shares cheaply !) - either for a future vote, or for covering their short position, or both. (ie probably someone who wants the GVHD drug or the company)
2.) something will happen in the next 2-3 weeks to booast the price, as they need that for the deal to be approved.
Bottom line: In any of these cases, whoever is manipulating will try their best to get as many shares CHEAPLY as they can FIRST !. That incents them to short-sell, etc . . to try to panic investors
PS NOT GETTING MINE ! ! I REPEAT . . . . THEY ARE NOT GETTING MINE ! (I refuse to be buffaloed out of a good position which I have built up)
I am still buying more . . every . . single . . day ! (Just breaking my orders up into smaller quantities to make it harder on these manipulators) I suggest others do the same thing ! Buying large orders makes it easy fr them to short-sell 1,000 shares to drop the price in ONE transaction, and .. we are seeing a LOT of that ! (But they periodically need large sells to spook people) Once you understand what they are doing, it's easier to counter - They can't do it forever, and hence the reason the price is already rising again.
Those that panic will kick themselves later. Those that realize what is happening will slowly take advantage of it to lower their average cost. The key is to pace ourselves, so we don't leave the price unprotected, which can happen if we get low on cash.
I watch details. For months, . . the manipulator waits for the 2nd half of the month to do this stuff, after new money is invested. PACE YOURSELVES !