Wednesday, April 26, 2017 2:13:02 PM
A couple of possibilities come to mind:
1) It could be a legitimate bid by someone who expects the price of PXYN to go higher in the future.
2) No one knows what the current outstanding share count is, of course, but I think everyone agrees that it is hundreds of millions higher than it was a few years ago. So it could be games being played by the person or people who have dumped those hundreds of millions of shares. And still have hundreds of millions MORE that they would LIKE to dump - remember, the fully-authorized share count is 1.4 BILLION.
I also don't know why some person or people bought more than 4 million shares the other day. But I am not stupid, so it would never occur to me to think that "someone bought 4 million shares, they must know something". After all, some person or people sold more than 4 million shares the other day. Any thoughts on why?
Every trade involves both a buyer and a seller. Not rocket science, right?
I'm not sure many shares of Enron traded in the days before bankruptcy, but I'm sure it was a LOT. Any thoughts on why those buyers bought?
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