OTCQX:SREMF - Post by User
Comment by
MAGICLENSon Oct 11, 2001 2:52pm
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Post# 4279656
RE: Have you noticed: Agree and disagree
RE: Have you noticed: Agree and disagree
Professional buyers 95% of the time sell near 4pm. That is a FACT. SMART MONEY.
If I were to speculate, I remember during the time of the Roseworth financing, a lot of selling and/or shorting occurred.
Many of this shorting may have been outside directly from the agreement with CLQ in alternative accounts that took advantage of the agreement with large short volumes above 1 dollar as they knew, without the financing CLQ is vulnerable to bankruptcy.
With this new IQ2 announcement, these independent "roseworth" accounts
have to immediately buy back skyrocketing CLQ to single digits.
In the afternoon pros unload for the higher prices as they know the drip down would eventually occur as always with weak companies with NO fundamentals. Spec holds no water in a weak economy.