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Bullboard - Stock Discussion Forum Galway Resources Ltd V.GWY

TSXV:GWY - Post Discussion

Galway Resources Ltd > Buy Iceberg $1.45
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Post by SchiffKnowsBest on Mar 28, 2012 10:58am

Buy Iceberg $1.45

Tested it twice.  100 reloadable by ITG at $1.45 on the buy side.

 

Who knows how deep or how long it will be around.

Comment by Red5Luke on Mar 28, 2012 11:30am
I saw ITG buying yesterday..... they seem to be new on the scene as far as buying GWY.
Comment by Red5Luke on Mar 28, 2012 11:41am
Whoa... volume just spiked over 250K
Comment by Dansul on Mar 28, 2012 12:27pm
I feel very bad for people selling at this price....Its a materwe are about to hear what we been waiting for.     Have fun,   Dan
Comment by Geef on Mar 28, 2012 12:35pm
I do not know how to interpret this iceberg thing other than someone is either  buying or seelling at this price no matter what. I can not figure out the likely scenario which follows from this scenario.  Schiff - could you elucidate?
Comment by SchiffKnowsBest on Mar 28, 2012 12:46pm
Hey Geef,   Your guess is as good as mine.  ITG has accumulated 159,600 shares today, while Instinet accumulated 184,800 on Monday.  Someone obviously needs to be on the other end selling.  Maybe this is wishful thinking but it could be that two groups are accumulating a position while battling someone who is trying to keep the share price down.   We'll likely find out ...more  
Comment by Jamespatrick77 on Mar 28, 2012 12:55pm
The iceberg is a thing of beauty...its mainly Anonymous...my guess is Sprott, they've been in for a while, and they must see the end game coming.  Whoever it is doesnt want to drive it up and bid against themselves.  We are going higher folks....the numbers must be pretty good!
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