Thursday, October 06, 2005 3:44:18 PM
Also:
1. There does not appear to be any dilution going on right now. That lets the company off the hook. If the OS was going up I would be more worried.
2. The large volume days/trades can also be explained away by traders buying and selling. No one in their right mind could believe that even an MM would buy AND sell 5000 shares at a time. They load up when the price is low (possibly/probably on small trades) and turn them over when the price is high - USUALLY in large blocks. And when they are shorting, its in reverse, selling large amounts when it is high and buying back in small portions on the way down to 1. Make sure their ass is not completely exposed and 2. Maximize their profit potential.
There are many other companies that trades sideways like this one and have obvious share dilution going on. The OS of PTI has held almost firm for the last year. It is my belief that BJW is selling off the minimum amount of shares (possibly even his own) needed to keep PTI afloat knowing that a bigger payday is coming down the road.
FEATURED Element79 Gold Corp. Reports Significant Progress in Community Relations and Development Efforts in Chachas, Peru • Oct 9, 2024 10:30 AM
Unitronix Corp Launches Share Buyback Initiative • UTRX • Oct 9, 2024 9:10 AM
BASANITE INDUSTRIES, LLC RECEIVES U.S. PATENT FOR ITS BASAFLEX™ BASALT FIBER COMPOSITE REBAR AND METHOD OF MANUFACTURING • BASA • Oct 9, 2024 7:30 AM
BNCM COMPLETES MERGER WITH DELEX HEALTHCARE • BNCM • Oct 8, 2024 9:54 AM
CBD Life Sciences, Inc. (CBDL) Reaches Unprecedented Heights With Explosive Growth and Strategic Expansion in 2024 • CBDL • Oct 8, 2024 8:00 AM
Unitronix Corp. to Invest $3 Million in USA Unity Coin Project • UTRX • Oct 7, 2024 7:08 AM