GREY:WONEF - Post by User
Comment by
nuveux13on Sep 22, 2014 9:57am
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Post# 22957751
RE:RE:Dividend
RE:RE:DividendTrading below $8 because underwriters have 4,375,000 shares to get rid of. Level 2 shows that as soon as a buy is filled, an instantaneous new computer sell is entered. This process has been going on for 2 weeks since these shares were floated. At an average daily trading volume of 100K shares per day, this selling pressure is going to continue for sometime until the brokerages can reasonably sell their shares.