GREY:GRFJF - Post by User
Post by
SimplyTheFactson Jan 12, 2008 9:46am
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Post# 14192353
Manipulation...
Manipulation...Nice, informative posts here, many thanks guys. Seems to me a big player wants out. It can't be because of WGI, the company is fundamentally sound, maybe it's a Hedge Fund in trouble and in need of cash??
Past few days, they sold into rallies heavily during the day bringing the price down and towards the end of the day the MM brings it back up with somewhat little vol, propping it up for another dumping the next day. whoever it is, will probably be finished soon.
Someone mentioned on another board that a reverse head and shoulders in forming on the daily chart. If true, the formation projects a price of $5.11 in not too distant future...On the other hand the candlestick on the weekly, with heavy vol, is not so good.
I personally think the selling and manipulation will stop next week and this stock will be on it's way, hopefully to the NPVs you guys have figured.
Best of luck,
STF