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Re: Gutinstinct post# 6983

Wednesday, 09/19/2012 10:44:19 AM

Wednesday, September 19, 2012 10:44:19 AM

Post# of 158400
Don't facilitate the tools on the ask here...let their "inside buyer" do his thang. There has been a buyer other than retail buying this up for weeks. If the seller wants to sell it down to low 1's, I'll bite...otherwise let them mulch through their own shares in the 2's. I have an avg in the mid 2's, like some if not most here, so adding more 2's won't polish my avg much (low 1's yes, 2's no). I'm not privy to the inside buyer info our 2 buyer has, so don't know when they intend to launch BMSN.

I have to play the risk/reward angle here and I already have my fill of 2's. It seems the seller's cost basis and required ROI prevent him from dumping this lower, so I don't think I'll get my low 1's, especially with our Inside buyer lapping up those 2's ever so nonchalantly week after week. The seller should be close to wrapping up and when the buyer (Koos buddy) has his fill, they will move this up...meanwhile we wait. BTW, those who don't have a position or avg in the 2's may be well served buying some 2's, as Koo's pooper scooper has been steadfastly scooping the 2's.
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