Replies to post #31031 on Green Oasis (GRNO)

[XenaLives]

You are not taking into consideration stockholders who consider this a long term play and are "stuck" where they expected to be, waiting for the business to grow.

"To every thing there is a season..."

Low volume = slowly trending downward price, "stuck" shareholders, few buyers.

[techtrade]

There will usually be interested buyers for small amounts because existing shareholders with large positions have an incentive to keep the price up. If you have $100k in GRNO and you need to spend $400 to buy 5k shares at $.08, you'll probably consider it strongly

Yeah, you're right, those two buyers with bids at .08 and the one at .078 don't really want the shares, in their mind they're just throwing good money after bad. And the buyers who bought those 78,000 shares this morning didn't really want them. They just ran out of cigars to light with hundred dollar bills so they figured they'd just buy some GRNO instead. :p

FWIW, after churning the bottom for over two months, most of those with $100,000 plus in GRNO probaby bought around current levels. A lot of the overhead resistance is cleared out.