Posted On: 07/18/2014 10:47:11 PM
Post# of 43066
Other board:
"Yup-picked up half the volume today [which would have been $0.09]....I have laddered buys at very large amounts all the way down."
-Grandmasim
So about $3,100 worth. So who thought I was off-base when I said the 200 share trade at $0.115 ($23 worth) yesterday would cause the bid sitters to increase their bid?? It caused Grandmasim and a few others to spend an extra $700 today...all for a 200 share trade spending an extra $5 over market.
When people ignore the fundamentals of a company and their only reference is the previous trading, they can be fed any number and they will pay it. If someone managed to put a 100 share trade through at $1.00 per share tomorrow, the bid sitters would immediately think 10,000 shares at $0.50/share is a absolute steal.
"Yup-picked up half the volume today [which would have been $0.09]....I have laddered buys at very large amounts all the way down."
-Grandmasim
So about $3,100 worth. So who thought I was off-base when I said the 200 share trade at $0.115 ($23 worth) yesterday would cause the bid sitters to increase their bid?? It caused Grandmasim and a few others to spend an extra $700 today...all for a 200 share trade spending an extra $5 over market.
When people ignore the fundamentals of a company and their only reference is the previous trading, they can be fed any number and they will pay it. If someone managed to put a 100 share trade through at $1.00 per share tomorrow, the bid sitters would immediately think 10,000 shares at $0.50/share is a absolute steal.
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Yes, I understand your penny stock also is the real deal, created with the inventiveness of Edison and destined to be the next Microsoft. Yes, I understand that the delays are also only because your company is making their product and/or technology even more revolutionary.
