Re: Who is selling volumes of stock at these ridiculous prices?

Developing phosphate interests in the Georgina Basin, Queensland, Australia

Reply New Message

Prev Message Back To Forum Threaded View Next Message

bigphos

Rank: Vice President [?]

Points: 1043 [?]

Votes: 14 Score: 3.5 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: Who is selling volumes of stock at these ridiculous prices?

in response to

Who is selling volumes of stock at these ridiculous prices?

Phosphate King

posted on Nov 06, 2008 11:14AM

People that need MONEY sell whatever they can, at any price they can. Although the share price is quite depressing, the only positive is that the selling volume(pressure) is getting absorbed. People are obviously buying or the stock would be 10 cents by now. Not that we should settle for this, but what choice do we really have? Throw in the towel at 69 cents?? When Soros keeps buying more and more?? I'll go down with the ship before I sell this stock at these prices!!! The Dow being down almost 1000 points the last two sessions doesn't help matters either. Hopefully soon we will get some news( such as the revalidation study) that will stabilize the stock higher from here.
Until then..........we wait.

4 Recommendations

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Please to post a reply