GREY:COLUF - Post by User
Post by
sweatmanon Jul 31, 2013 4:05pm
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Post# 21642242
Going on the buy?
Going on the buy?
I dunno about that. Looks like there are massive efforts to *try* to keep this puppy from falling into the 60's. A minute before the close a couple of hundred thousand+ shares massed at the the number 70 gate. The Asks wailed away and were within 25,000 shares of breeching that gate. Looks grimmer than grim and let's see how firm are the punters who, after chipping in $1.60 are now asked to chip in for more at $0.75. Underwriting a desperate and water-logged deal at 75 is one thing. But when does overwriting a deal at 70 or less make any kind of sense....especially in this kind of market.