Replies to post #11367 on Seven Arts Entertainment Inc (SAPX)

[Johnstown]

something or somebody is dumping 50-150,000 shares a day here so I think this money the company is raising better be used to raise this stock price via production and facts in writing. Conversion or coersion, (spelling), something is very fishy here in SAPX Land

[sbc357]

Laugh all you want. My thoughts were that, AS I HAVE SEEN SEVERAL TIMES BEFORE, they would hold the price up above a strong-APPEARING support for most of the day to get as good a price as possible for their conversions, and then toward the end of the day, they would finally accept lower prices and drop below the support. Just as it has done so far today.
Often, they have sooooooo many shares that they are trying to dump into the market, that the price will drop 10% or so before the close of the day. Let's just wait and see before all the laughing gets to a cackling level.
Sometimes, it does better, and only drops 3 to 4%. Let's hope today is one of the days it does better. So far today, it has already dropped to 3% below yesterday's close, and recovered a little. Will it go for more before the end of the day? Don't know, place your bets one way or the other, ROTFLOL.
However, the point is: I like knowing what to expect from the pattern so that I am not buying above the fake support and I have the wisdom to wait until the "bottom drops out" of their manipulation of price, at which time they will sell more shares into the market. SOMETIMES, a good time to buy; for a quick trade that is.