RE: RE: RE: Sheeple? Silvana, your son said (translated) on Decemebr 22 befor the market opened, "Ok .. And what's more in terms of share price ... Looking at this morning, I see that the action is to drop again ...?"
In fact, since December 22, the share price of GBK has steadily increased in value! So your son called it wrong and he certainly hasn't given any indication that my thinking is wrong. I am always open to alternate opinions, but you should back it up with some kind of explanation, right?
Here are my reasons there was probably no "effective" manipulation:
First, the price of GBK did not go above .25 when the offer was .30 for several typical reasons. The .30 bid was turned down, there was no guarantee that there would be another bid, and no other company had shown any interest in GBK, even with the apparently low share price. Second, once a bid is made, the share price will stay comfortably below that price until the transaction is complete... always! ... because there is still a risk of failure. That's why GBK isn't trading at .39 now; here is still a possability that the deal won't go through. People who are selling at .36 are taking a sure thing, even though the liklihood (unfortunately) of shareholders voting down the offer is small. Without months of scouring every trade from every house with a search warrant in hand for personal accounts, there is no way of knowing what is going on for sure. However, the trading pattern seems typical... NORMAL for the reasons I have outlined above.
The market thrives on those who trade daily. The more trades the better. It's how they, as a strong Canadian company, make a profit. The LSE, Nasdaq, and the Maple Group have all shown interest in the last 6 months, and I for one don't want to see another Canadian company in foreign hands!
The problem isn't day traders... they are usually the intelligent traders. The problem is REFUSING to acknowledge the nature of the game and listen to logic and reason. You are so stubborn! The same thing happened with SSS. I called it within a few days of their failure. That bullboard has gone through 2 years of denial. It was almost unbearable to witness. Now SSS have completely changed their 'modus operandi' and are starting over.
Your son seems like he has done well as an economist, and I can easily see why you are proud... as I would be too. I started posting here at your request if you recall, but it seems that I don't have your respect and I really have to give up trying to change 'the stripes of a tiger'.
Anyway, lets just agree to disagree. This is trivial to be upset over. Life is too short. You and I have bigger problems, no? I wish you a long bright and healthy future Silvana.
Ciao.