RE:RE:BID/ASK Well said ontarioman.
ontarioman wrote: I completely disagree with your interpretation of artificial .
The about 20,000 shares on the ask was not artificial .
You stated that within seconds , the 20,000 shares was purchased .
This was done by various houses .
To be precise , if the ask was eaten , then the offer was not artificial .
If the ask was filled for a few hundred or one to two thousand shares of the about 20,000 shares and then the balance of the 20,000 shares offered disappeared , then it would have been artificial .
Bottom line , from about 3:19 to 3:23 , PYR traded over 50,000 shares and went from $5.99 to $6.07 . That was powerful buying by many investors . Over 10,000 shares for 5 minutes was clearly above the averages .
That buying strength convinved me to add further add to my position at $6.03 in that 5 minute stretch .
Earlier at 2:50 , I bid for stock at $5.83 .
At 2:53 , I raised my unfilled $5.83 bid and I added to my position because I increased my bid to $ 5.88, which was the ask price .
The rising stock price momentum was powerful .
The Stock was up about 17 % for the day , with the best volume in three days .
Also the stock closed near the highest trading price of the day .
In my opinion , when this strong daily trading occurs and the powerful close happens , then that stock often gaps up the following morning .
Peter , keep up the great corporate work . Everybody , remember that Peter owns directly and indirectly and as well has control or direction of about half of the 162 million outstanding shares .
It is good when management owns 10 to 15 % of the company . Then management is aligned with shareholders interest . Here it is extremely favourable and unusual that management owns such a huge percentage of the company.
This stock is very tightly held .
The Momentum is back !!!
If I am right , this stock could easily go over $7.00 very quickly .
To the longs , hold your shares and enjoy the ride up , up and away !!!