Post by
oilandcoal on Jun 09, 2008 11:47am
Raymond James blind selling
This is DEFINETLY a PP holder from December when they issued 4.5 million shares at .14. Since then, no purchases from Raymond James and now all this selling. Could also be a large shareholder freeing up some cash in the meantime and buying another stock. This works better for us, with a small cap stock like this, you dont want one major shareholder, it will make it difficult to sell after, plus if DOX does take off over 50 cents, we dont want Raymond James dropping 1 million shares at market price and killing DOX's SP. Bids are slowly taking him out anyways and news will be out anytime. Remember that Dorex was receving results last week, they probably needed the weekend to compile and analyze them, and then this week they will be out. Dorex is in Vancouver, so when news does come out, it wont be first thing in the morning.
Comment by
ilovegold99 on Jun 09, 2008 1:21pm
well those 300k shares got eaten up pretty quick. I think the dumping is done for today, onward to 20!