Hey SFT, I cannot disagree with you, but let’s look at who is dumping/selling. It’s not the company as many will have you think. If you look at the OS increases each month as reported, we have averaged 30 million shares a month, or 1.5 million shares a trading day. And that’s just an average. The OS went up a lot more in January and February and has been slower the past three months.
So either directly, or through the note/warrant holders only 1.5 million shares are hitting the market daily. The longs are slowly gobbling them up as they can.
So where are all the other RED shares coming from????
Some are shareholders like the ones who got fed up and posted that they sold, some as big as 4 millions sold, some are the day traders who buy on the dips and sell on the moves, but those should balance out, right?
Where are all the shares coming from on those days when we show 5-10 million shares sold vs a small amount of buying?
It makes you wonder, doesn’t it. This week for example, estimating on the iHub chart, show about 8 million shares sold a day (except today). So just this week 32+ shares were dumped?? No way. No Red Sled.
I bet you when the June numbers are posted up, (around July 2) we won’t see any big increase, just the average 30 million for the month we have seen all year so far.
So where are all those sells coming from? Well, I guess you know my thoughts.... LOL
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