RE:RE:829,000 share BID @ .105 ...Really?tomchoco wrote: It could be the investor who bought a boatload around 15 cents and is averaging down. He has a big bloated carcass out there that tax sellers are loving to sell into. Why chase a stock that has had zero traction and we are in the middle of tax loss season. It could also be an investor who liked what he heard last week from Halim. Or it could be a million other reasons. Trading for a penny though is not one of them.
Yes, and that just solidifies my point. If he is not trading for a penny, but rather because he likes the Company, then why risk missing out on a chance to own more shares to save a half a penny here and there?
If it's really going to be worth what some believe (myself included), upwards of a dollar, then half a penny or even a penny is a silly risk for someone who really wants to be an owner.