Be careful sellingI have been watching the trading of AFI and the striking siliarities that we have shared with THC in the past week. It is nice to see THC finally breaking through the stifling constraints and is up 20% the last time I checked.
The worrisome aspect to investors in both Companies is the pittance of any bids. Yesterday some investor sold 13000 shares at the market on THC and the price went immediately from .70 to .65.
11:50:22 | C | 0.70 | -0.10 | 2,000 | 58 Qtrade | 9 BMO Nesbitt | K |
11:50:22 | C | 0.70 | -0.10 | 10,000 | 2 RBC | 9 BMO Nesbitt | K |
11:50:22 | C | 0.65 | -0.15 | 1,000 | 2 RBC |
Amazing. The same game is being played by the Boyz on AFI as the bids are paltry. If you need to sell then don't sell into the Market because the Boyz will immediately pull all bids. It is what they do.