Post by
jgraham3000 on Sep 13, 2016 2:55pm
question.....
what would be the reason people are buying in at $2.17?
What are the benefits (if any) to stay in until end of month sale?
Comment by
QUANTUMJUMP on Sep 13, 2016 3:07pm
Are you asking why someone would pay $2.17 today to get $2.20 in a few weeks 100K X .03 = $3000 1M X.03 = $30k Almost no risk
Comment by
jgraham3000 on Sep 13, 2016 3:46pm
and the rest of us (longs) who don't have such a substantial investment?
Comment by
QUANTUMJUMP on Sep 13, 2016 4:04pm
I was just shy of 200k shares and sold on Fri at $2.18 I would rather have my capital/ammo ready to deploy I have no idea why someone with 10k shares or less would hold for 3 -4 weeks to get $200
Comment by
braincloud on Sep 13, 2016 4:11pm
Just have a look at the tape! Energy names are taking it on the chin. Pick a quality name and with a rally in oil you could easily be up 10% or more in a week! Why stick around to make a measly .02 . Take heed of QJ and make a shopping list. Not that I think there's a chance, but wouldn't you look stupid IF something happened and you held out of 0.02? Try and explain that one!! LOL
Comment by
paccomk on Sep 13, 2016 5:19pm
My daughter invested 10,000 dollars and she'll be waiting! 200 buck to her is better in her pocket. My 110,000 shares sold today at 2.18... They tried to have me lower to 2.17 the whole day..... Patience is much needed.... Onwards we go! Xie Xie GeoJade!
Comment by
QUANTUMJUMP on Sep 13, 2016 5:37pm
A bird in your pocket is worth more than 2 in the bush waiting is riskier JMO ... but the deal is not done until it is done
Comment by
Dannygo on Sep 13, 2016 4:13pm
Some income mutual fund manager may spend 0.5% to invest for short term income. BNK (after Friday's announcement) is considered very low risk short term investment.