Post by
trader53 on Nov 24, 2021 1:06pm
Such a shame...
I have been very excited about the potential of Roof and over a period of time have accumulated a large position. Unfortunately I have watched a huge seller standing on their market for over two months. With a little research it appears the seller has over 7,000,000 shares ( non insider ) and its obvious Roof has no intention of managing its market.I have seen this before and what generally happens is the share price drops much lower than expected. Even if they donot lose their market the fact that the majority of shares will be owned in the mid thirties will only lead to a massive amount of churning. For this reason I have liquidated my position at small loss and will look to reenter at .25... Good luck to all...
Comment by
trader53 on Dec 01, 2021 2:54pm
Roof just traded at .29, so much for letting the market take care of the seller. It looks like the seller is prepared to unload in the twenties. Now i must wonder if this seller holds .15 stock are they prepared to take it to twenty cents?This seller is on the offer at 17 levels from .295. Bids are falling off watch for a quick trip to .20-.25.