Re: Bid Dropping, I agree thobbs + INSIDER BUYING
posted on
May 22, 2008 07:56AM
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crownroyal -
I second that motion. As I said before, I'll hold until the price is measured in a few cents or a few dollars.
The question has been asked why the insiders aren't "loading up" on shares? I wonder what would happen to the secrecy surrounding this project if that happened? Maybe everyone and their daytrader would jump in and the price would rise dramatically.
Now we little guys may like that but Mr. Wong (the defacto financier of the project) would not. Why? Because it would cost him a lot more to expand his holdings.
I agree with duncanmcl....it is Blackrock that is sitting on the news. They want to get as much of this as they can for the least amount of money.
That tells me 2 things:
1) They are good businessmen; and
2) There is something there that they want.
- Panamax