Re: Perfect patterns overnight....Scruffy
in response to
by
posted on
Mar 19, 2009 07:49AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
I hear you slayer, but I don't buy it. If you had a million shares you wanted to dump, why would you constantly be putting your "ask" below what the market could bring?
I saw the first trades this am at $.53 followed by lower asks. This smacks of intention to lower share price, not a motivve to mazimize profit
That is what I have been seeing for a while. This stock could easily be north of $.60 can, if the same shares were offered with a different strategy. That strategy being making money on the sale.
I could have this wrong, but I don't understand the notion that a company wants less per share than they could reasonably expect in the same time frame. I have seen over and over that it is rising stocks that sell quicker. Sure we all hear buy low sell high, but history tells us that more people buy high.
Cynical, skeptical, frustrated... I got it all! :)