RE: RE: RBC -WallYes Loopae, #2 was the only seller and it sure appeared that they sold out 100% of their holdings. They could have gotten lots more off as the bids were there to take a bunch more. Looking back, they were also a big seller a while ago and were the main reason MOA dropped below $.30. It appeared at that time the selling was being "forced" as there seemed to be little reason to be hitting the bids so hard. Maybe today was also forced selling? Margin accounts are almost all off side I expect.
#2 really has been the only big seller this last while and so maybe a quick recovery coud happen. This might depend on whether those that bought at these recent cheap prices what to turn them over for mosest % gains, or will hold them through a recovery perior. I would think that a bit of patients while watching to see if gold is going to trend back up, and MOA could claw its way back above $.30; the price range it was in at the time #2 started its irrational selling. A few days ago MOA did climbed back to $.28 with very few showing much interest to sell then, so perhaps a qucik bounce is possible. You are not the only one I know that picked up some on Friday, so good luck to all...C.Gert