accumulationEarlier today there was a bid of 321,000 shares at .95. It's gone now but the current bid is 75K @.97. We've traded almost a million shares, which is big volume for SMF. Are we finally hitting the radar screens of some institutions?
Do they want to own a dirt cheap medium level producer? Are they looking for a PROFITABLE producer with a forward p/e of less than 5?
I would prefer the price to be higher but these kinds of bids and volume may indicate accumulation by bigger players who will eventually soak up enough shares to get the price to move up over time.
Bobwins