GREY:VVVFF - Post by User
Post by
profitinvestoron Oct 23, 2006 9:22pm
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Post# 11545246
RJ Buying
RJ BuyingRJ has bought about half million shares in the past week (and was still buying heavily today). Thats an investment of half a million dollars on a PENNY stock.
I just don't think someone will dump a half million on a penny stock unless they knew something big is about to happen.
RJ is a US institution, my hunch is that this buying is from TYCO connections so i think that its far from over so lift off for the stock is likely not too far away here. I am somewhat perplexed however at the 1.5 million shares being offered on level 2 between $0.99 and $1.10. It appears that the big boys have put a lid on the upside for now until the current accumulation is done at the under a dollar level.
Once the accumulation is complete, the move to $2.00 will likely be very swift (as it was once Desjardins stepped in on the way to a dollar).