GREY:GLBCF - Post by User
Comment by
AlfredFettucineon May 08, 2015 11:14pm
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Post# 23710850
RE:RE:4cents is good
RE:RE:4cents is goodI'm only guessing here. This looks more like someone wanting out than an intentional hold down.
Trading started today with Anon giving a false hope and buying 5000 shares at 5.5, putting sp in the green. Soon afterwards came Anon's dump at market. All the way down to 4 cents. I'm not so sure if it hit 3.5 at some point during the session. If this was being held down intentionally, there would have been no need for the fake start. Anon could have simply put a large sell order at a chosen price and kept it there.
Now if this is the case of a holder wanting out, one has to wonder just how much he/she still has left to sell. Curiosity would also have me ask why the selling below pp price.
Word next week on the closing of the 5 cent pp would not hurt sp here. At this stage however, I would not bet on it being over-subscribed. Of course, I could be wrong.
In any case, if Anon is done selling and pp closes successfully anytime soon, sp will be heading back up quickly afterwards.
Now we just wait!!
GLTA
AF