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Re: JEM165 post# 122132

Tuesday, 03/28/2017 2:14:46 PM

Tuesday, March 28, 2017 2:14:46 PM

Post# of 141614
Cheap shares are definitely getting scarce, and this is one of the best core group of longs I've seen. Nobody is willing to give up shares until several multiples of current pps.

However, I don't see lots of people wanting to get in yet. No sustained buying pressure to speak of. There's been a huge gap between the BID and ASK for months now. If people we're really trying to get in before this takes off, you would see millions of shares on the bid.

I think you see current shareholders willing to soak up some shares on the bid when people get impatient and/or occasionally take out a big block when available. But I don't see any evidence of new investors wanting to get in.