Friday, March 03, 2017 9:07:28 AM
There is BCPI that sold every time last year when it was near $2:
https://www.sec.gov/Archives/edgar/data/1138964/000114420417008497/v459352_sc13d-a.htm
Then there is Israeli Seed Fund that sold on January 26 of this year for an average price of $1.50 when it tried to make a run. I noticed a couple big sells yesterday when it hit $1.50. It was two quick fills totaling 20K shares that stopped the momentum. If they are sellers at $1.50, this is going to take awhile to absorb their 4,361,694 shares. Add those to the BCPI total of 5,216,610 shares. Then you have Cisco's 1,688,429 shares. Would you hold shares of a company that is suing you?
Once again, this has NOTHING to do with the fundamentals of the company. I'm not selling until the big payday and I believe the largest final value will come if we keep building realistic investors who buy low and don't get disillusioned and sell if the price tanks momentarily from one or more of these behemoths selling.
Just be informed of the possibility these shares will need to be absorbed before it can run. Save some dry powder and I think there may be some bargains (like the drop from $1.90 to $1 last December) and this could be a wealth-maker if you buy right.
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