RE:RE:1/2 million shares asking 19¢ since January 7 or before-WTF?robertshaw wrote: ChupacabraBueno wrote:
What are they up to? You would think that if they relly wanted to sell at that price they would be getting impatient after more than 1 week.
It's Blowjobjoe's bosses' fake asking, but as many long investors claimed last year to buy more shares through their TFSA account at the current price , we see less action... Otherwise, we would have seen 0.17 these days
We
did see 0.17 on Wednesday Jan 13, but only briefly. If they persist with the big ask @ 19¢ we could see 17¢ again as patient buyers have been rewarded by waiting for the price to come down to meet their low bids.
My expectation is that the 19¢ ask shareholder is accumulating shares at lower prices knowing that few if any of their 19¢ shares are likely to get bought. If some do get sold at 19¢ they will have made a decent profit on shares piced up from 17 to 18.5¢. Otherwise they bulk up on shares at 17 to 18.5¢ until holders willing to sell at those prices become thin on the ground with the expectation that as soon as their 19¢ ask is cancelled the SP moves up to and trough 19¢.
What else could be going on?