Fivestar or anyone........Someone with millions of shares, say 100-200M decides on Monday to dump around 15M shares prior to closing to drive the price down. We held strong and closed at 75.
Today they dump more shares, some bail out, and the price drops. May do it again tomorrow to try to get the price even lower. Then boom they buy back in at a lower price and now have much more than 100-200M shares just before the CC.
I am some what new at this, but it seems awful coincidental to me that the price has dropped just prior to a major CC which we all think will be nothing but positive news.
Here we have a company who has yet to do anything wrong. Whatever they touch turns to GOLD. Worldwide exposure, top notch products, 1st shipment of urns sold out in several weeks,yet the pps drops one week before a major CC. A CC which may include news about a buyback, 1st qtr sales figures, possible new licensing agreements, etc..... Almost everytime we have a PR the pps goes up, today it goes down !
Yes we may be overbought and just consolidating, but I am sure we were overbought when we went from 40's-50's, 50's-60's, 60's-70's, and 70's-80's, yet the stock kept going up.
Over the past several weeks the volume has been somewhat low. Today I believe it was 70+ Million. One person dumps 25 million that's 33% of the volume for the day. In theory, when more is sold than bought the price drops.
Is it possible for someone who has 100-200M shares to control ETIM's price for several days as long as the volume is low in order to flip it ?
AI
