Re: Seems as though picking rocks is worth while
in response to
by
posted on
Jul 10, 2009 02:44PM
The company is now known as FUSE Cobalt.
Let me clarify, the sell off was not made as a comment about what activity this stock is generating, but rather a comment on what has been happening in the markets in general.
When investors see that the market is sliding in triple digits, they are not looking to start bidding anything up, but would place a bid to get it lower.
I see what Res is talking about and to see how many shares are on the bid and the volume. Looking at the ask shows lighter volume, but if someone really wants to have this stock they could easily move the stock up a cent and a half to get 100,000 shares.
If the market sentiment is not willing to buy up because they are looking for a deal, then releasing a good news item like the compnay just has, will not have much affect.
I could be wrong, but that is how i am seeing it lately.
Andy