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alan webber

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alan webber

Re: None

Friday, 11/03/2006 10:23:02 AM

Friday, November 03, 2006 10:23:02 AM

Post# of 3578
Why the selling as company close to profit

This is weird - the company did good sales last year - still no profits but pretty close. Yet the stock keeps selling.

Knobias shows that they have a billion shares authorized with about 26 million outstanding. Obviously if they had a billion authorized that would be an explanation of the selling.

I know there may be no catalyst for buying now as solar is not so popular a sector at the moment as oil prices have declined.

There may be some short sellers but they are not a stupid group so they would have to have a reason for selling. Maybe the former shell had some bad things?

Anyone know why the selling?
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