Post by
939 on Oct 10, 2013 3:21pm
Low Volume Bids
It is amazing how low the volumes are of the bids for RedWater.
8,000 at 0.09
10,000 at 0.075
4,000 at 0.07
4,000 at 0.065
4,000 at 0.06
As at 1:10 Oct. 10, 2013.
Who would bother to put in all of those 4,000 share bids? At 0.06/share the bid is only worth $240.00. Is this someone just trying to give the stock a little bit of liquidity and hold it up.
I think the stock is worth more than 0.06, but we might be hanging out between 0.06 and 0.12 for a while.