GREY:CXEYF - Post by User
Post by
hkenton Sep 16, 2009 3:08pm
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Post# 16311697
How long will it take...
How long will it take...for the next move to happen. It's an inexact science but you have to see how many shares traded during the run-up after the story 'appeared' in the UK newspaper. Say 7.5 million shares between .15 & .20. Now, say those in the know blew off half of that and the rest of it was sold by those desperate to get out or fed up. I don't know the real number but call it 3.5 million shares. Now we have to wait for them to buy it back at .105 - .12. Again, If they are half the volume - about 4 million has traded - so 2 million for the players. So we need 4 or so million more shares in the .105 - .12 range before it can even think about popping again.
Disclosure: I am long at around .12.