As the world turns….
We sort of understand where those that are selling GSPE shares are coming from. The economy and the impact on the stock market is the first thing that comes to mind. As previously stated on this board, that concern is no problem, it can happen with any of us. So, no need to cover this ground again.
No, today what I have on my mind is, “who is it that is willing to buy?” Of course, it not possible for me to know. But one obvious reason is to buy it @ .004, and sell it @ .008. Definitely in a recent trading range for GSPE stock. And a 100% return.
But might it also be that some are anticipating an upward move for the stock? Common sense says that if the stock is expected to move lower in price, WHY buy a lot of it Today at a Higher Price? A very good question…. Who will do this? As in the past, if the stock price is expected to rise, more shares is more profits.
Up to now, the GSPE total average volume is around 60 million shares for 6 months (VWAP @ .0042). Yet, it is already about 30 million shares for the most recent 1 month period (VWAP @ .0039).
We may not know what is causing it, but one thing is for sure, the trading volume is certainly up, so no lack of ‘BUYING’. And these are not the common 5k share trades favored by manipulators.
So is there a contradiction in the buying and the falling share price? It does seem so.
And while I am not happy about the price struggles, considering the market conditions, it is not exactly unexpected. Perhaps others see it this way as well, so the price is less of a concern as long as the volume is there. That is one point of view supported by the facts.
Mrs. Smith
