RE: WTFCarrot, You right, it is weird trading.
Some are panic selling, and then I see some very respectable firms buying (ones that do not usually buy penny stocks)..........so make of it what you will.
It certainly is a gamble at this point, sitting in the cheap seats where we can't see the stage. We have to guess what is going on by reading the actions of the other traders that CAN see the stage.
I do like it when respectable firms are seeing as buying, and not in real small quantities either. They have lots of analysts on board and a plan to follow.
BUT, and this is a big BUT, I also see good old "Anonymous" buying AND selling. It is weird trading, you got that right.
I think the risk has increased due to the tender extension. They should have had no problem getting 66.35% of the shares by the deadline of April 06, which brings out Mr. Suspicious. Particularly since it is a 2 month extension. Not only does it mean dead money in my account for another 2 months, but it is a bit strange that they haven't enough shares yet. How many shares did that company from one of those "stan" countries buy?
Me thinks there is some duck that is not in the row yet for China, and until then, they are just making everyone wait. Perhaps Russia will now take this opportunity to better their offer?
Honestly, I'm tired of this shoot, and I hate dead money when the market is ripe for trading. Shoot you can pick 10 penny stocks now and 6 of them will probably double in a week.
But, I still like the fact that the buyers that I like to see (not on-line retail) enter a stock are buying some Khan, so their analysts have done their homework and they figure they are going to make money. That makes me feel good, because they have better seats in the house than I do.
Cheers!
M