posted on
Apr 23, 2010 10:28AM
Welcome To the Stock Synergy, Momentum & Breakout HUB On AGORACOM
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Message: KMK
Dennis
It certainly was tough to watch it drop like it did. It's weeks like this that I wish I had that crystal ball that would give me the insight to have sold at $2.40 and re-enter at $2.08.
It looked to me like Credit Suisse, who had been a huge net buyer over the past 2 weeks sold off a good sized position. I am not in the know and don't know how Credit Suisse works but it looked a little funny. Was the seller a different entity than the buyer? Did the buyer only buy to have enough shares to influence the price down for some reason?
I'm just a small time guy trying to ensure a decent retirement so when I see trading like this I tend to question it.
On the positive side, someone bought all those shares and the price holds around $2.10 for now.
Like most shareholders I wish this takeout offer had been presented last week but I guess more patience is required. I sure would hate to sell and have the deal announced shortly there after.
Chipshot2
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