RE: A new contest? Nah, just curious./LL - ro/LL
posted on
Jan 10, 2005 05:48AM
On the other side, like I have said before, it could equally be someone selling approximately 4 million shares at a substantial profit, perhaps buying an equivalent number of shares in the $.19 range.
A large buy averaging 400k shares per day should have pushed the price up as individual sellers would have noticed this sudden interest and not let them go at a even price over a two week period.
The thinking would be to take the profit and not wait for large gains as nothing is ever for sure, particularly in the teck market. Why gamble if you have already almost doubled your investment.
Just another possibility differing from an accumulation or short sales.
OZ
It`s all speculation, and I don`t always buy into the boards speculation.
And if you would have followed the ask for all other MMs, over the 10 day`s of heavy transactions, you would have noticed they all had a price higher than $.335, indicating the sellers noticed what was going on and wanted to see the price move up.
dont forget the MM in question also represents group sellers as well as buyers.