OTCPK:IVWFF - Post by User
Post by
SergeGodinon Apr 13, 2011 1:57pm
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Post# 18425719
Who's buying?
Who's buying?Seems strange to me that 300K shares are traded today at an uptick.
I would have expected there to be close to zero trading on IVW until this mess gets sorted out.
The odd person might decide to bail out and we would see occasional drops to 15 cents or 12 cents due to the lack of buyer support.
Then price would rebound when some opportunistic buyers (gamblers) would re-enter the market.
The fact that we have buyers paying a premium over yesterday's news indicates to me:
a) someone knows something that the rest of us don't,
b) insiders are increasing positions,
c) short-sellers are covering their positions
Anyone have any other ideas?
- Serge.