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best2listen

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best2listen

Re: starfire post# 1861

Saturday, 03/11/2006 5:14:18 AM

Saturday, March 11, 2006 5:14:18 AM

Post# of 14027
Mypointz, re: 7 million shares

There's a good post on RB from Stockpick2007 about Friday's action:

"The financing Grifco did back in March '05 of up to $5MM may have been in exchange for let's say 12MM shares. The lender hedged his position by short selling the stock. Now after expiration of the restriction, the shares are released into the float and the short position closed out. This would explain a high trading volume w/o much price movement."

http://ragingbull.lycos.com/mboard/boards.cgi?board=GFCI&read=8342

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Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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