RE:Why isn't it $2.00?ADavenport wrote: Thought this would have gone parabolic. Too many people cashing out? Good news already priced in for the most part?
It will be.....right now they are filling the gap...a messy thing that has to be done.....that being said it also allows bigger players to shake those 39 cent shares....and some of those 63 cent shares out of the hands of people that are willing to see a good return and let the profits run free.....once they get that done and they have hoarded up they will continue to buy at higher prices....after all if your in for an average price of 1.50 and your holding say 400,000 shares.....you don't mind buying 500 share lots here and there at 1 cent higher than the last price.....then wash rinse repeat...pretty soon all those 500 share lots have brought you up 40 to 50 cents....and that 400,000 share holding has gone up as well........KA CHING....
old_dog