Everybody and of course especially Reverse and Gold speculate on the selling. How about all the buying?? There has been a huge amount of buying, and a lot of it has been big blocks like 50-60K. So where is all this buying coming from??
It is certainly NOT coming from the small time crowd that would follow a guy like Lebed. Somebody out there is happy to buy big time at these levels, and obviously believes we are going higher.
Even though we got a lot of exposure yesterday I don’t think people, who might have read the article could have managed to buy yesterday. There was hardly any time to do any research, so this crowd would only join the party later.
My take is that a push for awareness has been made because a significant announcement is coming and the BOCX wants as many as possible to know about the company beforehand.
Regarding the selling some, of it has probably come from small cap digest as they received 1 mill restricted shares when were around 15 cents. Since their shares are now registered they might have decided to unload some of them here for a very good profit. And of course from the habitual crowd who has learned to sell into every press release, and of course day traders who would have been attracted by the volume.
AI
