GREY:ACEXF - Post by User
Comment by
Maffiosoon Oct 13, 2016 2:17pm
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Post# 25340347
RE:RE:RE:Question ...
RE:RE:RE:Question ...Do a little digging and you will find that GMP (an institutional company) was buying tons of shares for its clients above 25 cents all the way to 50 cents when the pharma deal fell through. So I imagine they are continuing to buy for their clients to average down and will be buying real aggressively when the deal is officially closed and announced. Look how the bids are weak all of a sudden with the asks loaded up with GMP selling 158k at 10 cents....these guys are not stupid...they will take all the cheap shares off of retail before it goes to 20 cents. Mackie I don't really see involved in this other than an automated program which was selling 3,000 to 6,000 shares every now and then on the bid last 2 weeks. Jitney is also an automated trader buying for half penny flips....really insignificant and no need to pay attetnion to them.