GREY:WSCEE - Post by User
Post by
Oxyuridon Jul 16, 2004 11:26am
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Post# 7716020
Well
Wellthis company just sold/gave away a bunch of stock this week since the volume was up. Now, the MM are trying to push the bid down on low volume. I see that the spread is ~0.075 right now. Seems to be some indecision in the MM and buyers/sellers.
I'm afraid that this stock is going to drift lower now that we haven't had any news to support the share price. Heck, there hasn't been any news regarding the supposed vasjar closing at the end of June, hmmm. What about that new president? Haven't heard a peep about DCR900 sales, since they decided to take them to distributors (a big mistake on their part I think). She's going to drift lower with no news from the company and as a result, more PP will be done but at lower SP, certainly not $0.50 anymore. More likely $0.25 or $0.30 would be my guess. THey'll have to do these PP since they don't appear to be selling many units and who knows when anyone will take a chance on Ellycrack. I also think we can probably forget about Synenco as well since we haven't heard about that in a while as well.
Wow, this is pretty pessimistic, but it might be closer to reality than I hope. Someone put a different spin on this for me!!
GLTA
Cheers,
Oxyurid