RE: GMP were loading upFrom April 16th to June 16th GMP had traded 0 shares of PEP. (0 bought, 0 sold)
From June 16th, to July 16th, GMP bought 250,000 shares at a 35 cent average and sold 21,500 shares at a 36 cent average for a net change during that time period of +228,500 shares.
From July 16th to August 1st, GMP bought 0 shares, and dumped 228,500 shares at a 38 cent average for a net change during that time period of -228,500 shares.
Their trading from June 16th to August 1st resulted in 250,000 shares bought and 250,000 shares sold for a profit of $7,070 bucks minus fees.
From August 1st to August 16th GMP has bought 90,500 shares and sold 0.
Why does everybody go by what GMP does?......is it because that was one of the angles Coffintrader was playing while he was trying to pump JML and PCQ?
GMP was trading those companies around at that time too......even NOG, and they got severely burned on NOG. They bought everything in sight one day from 46 cents to 55 cents with NOG, for a total amount of 800,000 shares purchased in one day. Everyone was thinking they must've known something good was coming down the pipe. A few days later they started dumping (all at a loss), and when the news came out on the garbage flow rates they were still stuck with a bunch of shares in hand (at an even bigger loss).
Looks to me like GMP is simply trading this one.