lowtrade, thanks very much for your input, you're very generous with your time and your information. I'm sure I'm not the only one who appreciates your insight!
I know you said that the worst thing one could do is to rely on information posted to these boards. However, last week a poster on Raging Bull stated that he had confirmed that a group was buying shares on behalf of Site Works to stave off a total plunge in pps, resulting from a mass sell off by Cork... no one knows how many shares for sure, but speculation had it at around 10 million.
Well, the conspiracy theorist in me thinks that the group that bought those shares on behalf of Site Works last week, is now selling them as the momentum has turned positive. As I said in the last post, there were many blocks of 100,000 sold each time the pps started to move today. The sells would stop, however, before the price dropped too far. Thus creating a different pattern from the selling done by Cork last week... Cork didn't seem to have much regard at all for the pps. I should also state that it wasn't coming from Etrade this time...
On the surface, one would think it was just Cork continuing to unload, but I feel that due to the difference in selling technique, it had to be another group. And I have a hunch it's the same shares that were bought last week that are now being dumped on us again, only at a moderated pace.
Maybe I'm putting a little too much thought into this lol...
Mike
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