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Re: nkob1974 post# 6412

Thursday, 05/07/2009 11:55:34 AM

Thursday, May 07, 2009 11:55:34 AM

Post# of 52852
That's a good question, and like you I have no idea whether or not this is the case. The reasoning that tells me this isn't the case is the fact that if the company wanted to simply dump shares, they would make a lot more profit if they waited until the stock jumped more before doing so...one major release then another news release this morning is enough to drive this stock much higher IMO...If that was their plan, it would be to their advantage to let the price continue to climb before doing that. Granted a couple 100% gain is significant, the high possibility of another double or triple in price in the near future would make it worth it to wait and let the price really climb...Though I don't believe this is what they're doing, just thinking that if it was something they had planned to do, they would wait a little longer before doing so as now a lot of attention and buyers are jumping on this stock so the price, once profit takes ease off the sell button, can easily double again...that's my opinion anyway...I think we're seeing people taking some major profits early on, but the volume is incredibly high so I'm hoping to see an afternoon rally!