InvestorsHub Logo
Followers 6
Posts 919
Boards Moderated 0
Alias Born 03/26/2010

Re: Omega3Man post# 1089

Thursday, 09/23/2010 1:03:35 PM

Thursday, September 23, 2010 1:03:35 PM

Post# of 3211
I'll repeat myself

Company buyback going on, this is the same pattern as we saw when the last insider bought back the shares (300 k+).

MMs must have some sort of mandate to buy back below a certain price and to keep it there, the stock was shorted. On the few days where there where large volume, the ask moved and was brought back after. So it not one seller that have a gazillion of shares sitting at 0.25$.

When the mandate gets filled on the buyback, I am sure MMs will participate in the run at one point to cover during any pull back.

It not a conspiracy, this is held there intentionally to serve a prupose, and I bet it's almost done. In retrospect, seeing how management is playing everything lately, this is an organized plan and they are following it.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.