Replies to post #38584 on Bioelectronics Corp (BIEL)

[edbi46]

OR a DAYTRADERS and other GARBAGE, that bought on the news, now selling, taking a profit of......$100 !!!!!!!!!!!!!!!!!!!!!!!

[Simpsonly]

Hey ravens - I still find it interesting that Whelan was quoted recently as saying that at one point they, BIEL, did sell shares to finance their ongoing operations but that he wouldn't do it now at these low prices. If, and I say if carefully, it is not BIEL or Whelan interests selling shares now to finance operations, then who and why are the shares being sold, and more importantly, who is buying them? Are the higher volumes only MM's and other day traders catching the shifts in price, or is there a buyer out there accumulating shares? I wish I knew the answer.