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Replies to #22910 on MediaG3 (MDGC)
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Mike87

03/29/10 12:57 PM

#22913 RE: DukeOBass #22910

Flippers buy on rumors and sell on news, wait untill the PR, you will notice quite a few sell orders I think. Right now they are just waiting
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bob smith

03/29/10 12:58 PM

#22914 RE: DukeOBass #22910

i dont know, but mike makes a good point.

but if the float was gone or near NIL, we would be seeing whats happening now.

we would be fighting for each and every share.......where the the BID and ASK rises due to the demand. but if what Mikes says is true (logically makes sense) the float would be irrelevant. but, i still believe their is a correlation.

if the ask and bid continue to climb, we can see a steady and tight bid and ask.
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LEAM

03/29/10 1:11 PM

#22916 RE: DukeOBass #22910

Because there is no one there offering to sell at that price.