Things That Make You Go Hmmmm????As mentioned before, everyone here has their own agenda. I must admit I do find it odd that the poster JamesWW says he sold half of his titanic position back on February 22nd, right at the same time that GMP Capital was buying everything in sight around a $1.30 He also claims he cashed in pensions and sold his house, let it all ride on Mr. DD.
C'mon who does this, he has a wife and children and takes that kind of risk. He also claims to have a friendship with Doug Dyment, things that make you go hmmmm??
Back to GMP, these brokerage house's have all the tools and analyst's at their disposal. Are you going to tell me that they didn't know bond yields were rising already, which always triggers a sell off in equities. Of course they did, so why go into the market at that time and buy a huge chunk of shares, when they had to know they could have gotten shares much cheaper. I don't think anyone thought the stock would drop this much. Things that make you go hmmm??
Where are they now, not buying anything to support, or average down. Could be a large purchase for one client, maybe the suppossed PP people. Things that make you go hmmm?? I realize that I will probably take some flack for this post, but the whole scenario and the timing seems odd to me. GLTA