GREY:LEWCF - Post by User
Comment by
Bentonstockson May 23, 2007 6:57pm
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Post# 12828347
RE: No more excuses - selling due to warrants
RE: No more excuses - selling due to warrantsstateside,
"The selling due to warrants should have ended by now. Anonymous continues to dump big blocks 70,000 this morning and more now around Noon est. The selling is indiscriminate and not meant to maximize profits which is contrary to any book on investing I've ever read."
stateside,
Is it possible that 2-3 houses are trading shares back and forth to give the impression they are sales? If so they don't have to worry about losses or expenses. After a while the same shares are back in the hands of the owners. In the mean time, by keeping the price artificially low, they can pick off shares from retail investors for a song. I guess another possiblity is naked shorting but to short does't the stock price have to be above a certain $ value??
Stateside and JohnEStromJr.,
It is unlikely that the houses are trading back and forth as StromJr theorizes, because last Friday I bought just abought everything 'Anonymous' sold in blocks of varying size over a period of hours. If you look back to the trades for Friday, everything bought by '2 RBC' was mine. I did this, becaue the day before when I placed large order near the close, the SP went after some of my order was filled and we closed $0.04/sh up. I pulled my order once the SP started rising and broke it into bits to keep the price form running up while I accumulated more.
Look on the brighyt side... At least now those shares are in good hands...
Regards,
Bentonstocks