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Message: Re: "Lots of shares SOLD. WHO BOUGHT THEM and why?" Lets finally dispel
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Feb 19, 2014 06:19PM
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Feb 19, 2014 08:31PM
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Feb 19, 2014 08:41PM
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Feb 19, 2014 09:05PM
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Feb 20, 2014 12:05PM

this myth that whenever shares trade someone is doing the buying because they know something good about the stock that others don't, especially when the price is in the pennies territory.

Shares sell at EVERY price, even when a company is on it's way off the exchange, and even when it's practically a dead Issue. The Market Makers do their job, even if the stock trades at .002 cents; surely you have seen companies drop down and trade at this kind of price. Even brokerage houses will clean up your account holdings if you wish, and arrange a purchase for you of a stock in your account if it is essentially worthless; and that too will come across as a "trade". "Trading" is the function of a (hopefully) orderly regulated market, the system was created and is maintained to do just that; at almost ANY price.

So, ALTHOUGH THIS (the above) IS NOT PTSC's SITUATION, please stop with this kind of uninformed and shortsided type commenting; it serves no helpful purpose, is inaccurate, and is misleading.

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