My analysis-and questions..Wow! Today we hit a climax point and dipped down -20%. I think at one point we were at .16c a share. Someone on this board (sorry, you gotta look it up) posted a level II on the company at around 3:00PM. The bids were coming in at 16 c and lower. At this point, I stopped watching cause i've invested way too much into this one stock. Anyways, at 13.5c there was a buy for 2.x MILLION shares. Someone REALLY wants to get in. Perhaps they were trying (If it was one large entity) to sabotage the SP to drop it to 13.5 to buy a 2million lot, or they were just wishing that it dropped to that price for their order to get filled. Anyhow, at the moment, I saw this as a bad sign. I had a feeling that it MAY dip that low and this buyer may get his fill in (Which isnt all that bad). But now that we somehow finished in the Green, I have no doubt about tomorrow and the rest of the week. Who buys 2 million shares of a company that's going bankrupt? (As one basher had stated earlier today). I'm 99% positive that volume will stay strong AND that we have all the smart money on board. Tomorrows forecast.. 26-28c end.
Just a bit more (I'm mind blown that we ended in green after this daunting ride), I think something will happen soon. Who purchases 2 million shares when they aren't almost 100% positive that a stock will fly high? Maybe some insider tipped someone off, or someones taking a huge leap of faith. Either way, good job to all the longs who held it through today. Your patience will be rewarded!
On a side note, where does everyone get their level 2's from? And how much, if you have to, do you pay for them?
Thanks!
GLTA longs!
Good day today!
I can afford a medium coffee from timmies now! wooooo!