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Bullboard - Stock Discussion Forum Vaaldiam Mining Inc VAALF

GREY:VAALF - Post Discussion

Vaaldiam Mining Inc > I meant to add...
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Post by bfinley on Jul 07, 2009 11:31am

I meant to add...

the Ask keeps getting reloaded at 3.5 cents, no matter how much people buy, it just keeps being offered again at 3.5. I still think that will end, but I wanted to know what others think about the "flow" today and this low price?
Comment by ezemoney on Jul 07, 2009 11:33am
It's Canaccord unloading at the lows as usual.
Comment by atrickpay on Jul 07, 2009 12:28pm
Bfinley: good observation! I noticed that as well. The seller is probably unleashing a large quantity of shares (which is not that much in dollar terms in a penny-stock like this), and doesn't want to spook the buyers by selling it all at once.About the "flow" today...I think it's just been going lower because not enough buyers came in to pick up stock at the arbitrage ...more  
Comment by atrickpay on Jul 07, 2009 12:30pm
eze money: that's interesting. Are you saying that it's usually Canaccord who unloads at the low? Maybe it's some guy who has his acct with them who sucks at trading this stock? I hope so, lol.
Comment by bfinley on Jul 07, 2009 2:19pm
I've just checked back in after breakfast, and yep, the Ask just keeps getting regenerated at 3.5 cents. It's kind of funny that it is almost always one order at a time (I did see three orders there, once, but generally, it's one order that gets taken out, and then cloned again at a different # of board lots). Most people seem to want to sell at 4 cents right now (19 orders), and ...more  
Comment by atrickpay on Jul 07, 2009 3:33pm
bfinley: I hear ya. I think this CanAccord seller has been going about it pretty clumsily. I bet he could have dispersed his whole position at 4c if he would have done it slowly over a period of 2 weeks! But, maybe he needed the money prompto and couldn't wait? Who knows.
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