GREY:LEWCF - Post by User
Comment by
Bentonstockson Sep 30, 2012 7:49am
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Post# 20429976
RE: .015
RE: .015 Its not "someone", but rather 'something' that would sell 1600 shares at 0.015... Its just Algos (trading programs)... A lot of action in the juniors these days is just the computers. My theory is they (the computers) are just trying to keep the stock within a certain TA (technical analysis) state to keep the price stagnant until external (real) buying pressure can move it up. You will often see the SP get dropped near the close with a small trade, which is only intended to keep the closing price down for the reason I just mentioned. I have jumped in few times in the past to counteract the Algo antics, and if I would have seen this I would have bought some the close just to avoid the 0.015 close.
Anyway, point is this action is largely to be ignored... I still advocate buying cheap shares at these levels, particularly if you need to average down, as the day when this moves up again, you will wish you had. As bad as you we all feel right now with all of the doom and gloom, it will not stay down here forever and it costs practically nothing to add 100,000 shares these days - buys right now are the lowest risk and offer the best risk/reward metrics IMO.
Regards,
B.