TSXV:BTI.H - Post by User
Comment by
KayakerBCon Sep 14, 2016 9:34pm
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Post# 25238647
RE:RE:RE:RE:RE:RE:Very exciting to see this move... Ask now at 1.95 :) (eom)
RE:RE:RE:RE:RE:RE:Very exciting to see this move... Ask now at 1.95 :) (eom)my question is why it seems to still be getting kept down , especially on the 29 cent gainer monday...really amkes you wonder what these sellers are thinking this late into the year with a scientific paper basically telling the world that trancend is everything the company said it was...
No one is keeping it down. As BTI goes up, it's expected that more sellers will come into the market.
People sell for a variety of reasons.
Some folks need the money NOW and have to sell.
There are day traders out there who are happy with a 10 or 20¢ gain.
Some folks may be betting they can sell and buy back at lower prices. We've all seen BTI's ups and downs many times before. Did the person who sold at $2.00 the other day make a mistake? Not so much; they got a chance to buy back in at a 15¢ discount.
There are also lots of HFT computer trades that don't give a hoot about BTI or Transcend.
....clearly something is in the works , or has been consumated, or both...
If that's true, we'll get where we're going soon enough.