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Re: sanosurfer post# 89

Friday, 03/12/2010 1:50:03 AM

Friday, March 12, 2010 1:50:03 AM

Post# of 1435
I think it is some kind of BS, that I am not buying. The actual shares being sold are steadily rising in price. Today .08 was the high and low, and a price we have not seen since January. There is no mass selling, or exodus. But this is also no time to sell any large number of shares at market! Liquidity is an issue, but has been an issue off and here for some time, so that is not really new. I am encouraged by the lack of sales, no dumping.

But I must admit the bid/ask spread has been most curious. My best guess is the low bid is a fake to keep people from selling right now.
I have frequently seen bid ask numbers that did not show up my bid and ask in many stocks recently. I read something recently that made me think the bid / ask may be an average, but an ex floor trader told me recently the posted bid asks are frequently specialists playing games with the stock price for their own accounts.

I think any pick up in demand could push the price higher.

Lets face facts though, 77 new accredited investors at .065 are not going let the price go much lower than .065 any time soon.
Volume:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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