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Re: Euronator post# 931

Wednesday, 11/16/2005 9:47:51 AM

Wednesday, November 16, 2005 9:47:51 AM

Post# of 2142
Euro, I think you are right. If someone was just "scrambling" to avoid a tax-sack and looking to dump a load a of shares - if the two recent days of million+ shares traded were just someone trying to unload and get out to avoid the sack - the price would have fallen even further IMHO. No way do we maintain an asking price of .02 for weeks on end with little volume, then have someone dump more than 3 million shares and have the price not fall.
Likewise, if all of a sudden some buyer appears out of nowhere to purchase 2+ million shares, the price would have risen more than .001.
The fact that it didn't tumble-that there was someone around to buy what was sold at .02 for only .021-- sure seems to have been a designated receiver willing and able to pay the asking price, suggests to me that this pass was called in the huddle, the q-back threw where he intended, and the receiver ran his route as planned.
Go Irish! Beat USC!

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