RE: RE: Coal Barron's....How they do it..... It's been difficult to read the trade recently....Most of the week it has been simple manipulative trades at lowball numbers to draw sellers. Someone is trying to buy at 1cent and under hoping to sell for 2 cents..
More shares traded today then have traded in weeks, however it was still only a few dollars worth and no worth commenting on.
Those still holding, like myself are not willing to sell it at a penny or even two....I quit thinking of selling a long time ago and I want to just let it playout. I believe we have at least one person trying to bump the price to enable them to pare down a position, but they are not having any luck....lol
The SEC is probably being pressured to act and issue a OIP.....usually 60-90 days later you get a action to kill the stock to protect shareholders. But with the price at 1 cent or so, that pressure has to be greatly diminished over the past 4 weeks...
There is a big meeting (closed door) at the SEC on Thursday. It is at these meeting that they discuss these decisions. I am hopeful that the PUDA revocation process is put off for a few more months...If not, I won't have much more to say on this board.
But thanks for the good words.....I appreciate it...
Mike