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Wednesday, July 27, 2005 3:32:03 PM
Me...
Could be, but it didn't look that way to me. As far as I could tell the seller wasn't interested in getting the highest price, but was more concerned with keeping the price under $20. The buyer was/is more than happy to accommodate as he would push the seller to a little above $20 to get him to sell and then fall back for the next push at a lower price. Most of the time the seller was trying to control the price through small sales. As long as the seller continued to sell, even small amounts, the buyer played along. Eventually the buyer had to push the seller more to get the shares he wanted.
As of now the price is slightly over $20 and neither party is pushing. The buyer is playing the seller like a fish giving him more line before reeling him in some more. If the buyer is near his goal he may push towards the end of the day to finish his buying. If not he'll just continue buying tomorrow. The seller has some decisions to make. It looks like he may have tired of the game and stopped selling.
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