Replies to post #66248 on Capstone Companies Inc (CAPC)

[RG]

Hi there PM, just got home and looking like CAPC holding around .024/.025 range. Probably will drop back a little early next week IMO. Been a good couple of days. Now needs consolidation before next upward movement.

Lots of new investors came in here today, and they will be holding for much higher prices.

Some sold off today as they have been holding for years and wanted this opportunity to move on.

Right now the Bid doesn't look that strong so this could come back if another shareholder or two decides to sell.

Had a look at the chart and some consolidation here would be a good thing from a chart perspective. Never want to get too hot too fast.

I'm very HAPPY with developments the last 2 days.

Good Luck.

[Salve Lucrum]

Pennymann, Yes that's how stock markets work!

You said:

Hmmm, existing shareholders are selling to existing shareholders? That's why CAPC is up 20%+?
Oky doky...

let me assure you that the CAPC stock shareholders buy does come from existing shareholders whether the purchaser is adding to, or initializing, holdings.

We cannot directly purchase treasury stock.

The stock was up "20%" because people were willing to pay "existing shareholders" a mutually acceptable, increased pps for their shares.