(Total Views: 446)
Posted On: 09/16/2017 6:11:58 PM
Post# of 1541
$PSGR Just when you thought there was no one who would sell less than 100 shares at time!!! WOW!!! On the 15th, someone bought/sold less than $5.00 worth of shares on one trade. I do not know whether to cheer the buyer for taking advantage of the seller /OR/ to jeer the seller for letting the share price drop for absolutely no reason at all. This is one of those 'IT DOESN'T MAKE ANY SENSE TO ME' moments.
Share price had held relatively strong at the bargain price of $0.06/share. Then a little active trading dropped the price to $0.05/share. OK, the drop from $0.06 to $0.05 is not a game changer. Several THOUSAND shares changing hands at one time just may be incentive enough to drop the share price ONE PENNY. Less than 100 shares changing hands at one time for a ONE PENNY drop in share price stinks! I reflect on the Blackridge purchase agreement EVERY TIME this sort of ridiculous transaction occurs. Remember: THE LOWEST SHARE PRICE for the 10 days prior to the SEC approval is the purchase price per share to be paid by Blackridge. I do not know if this is the reason for the share price dumping, all I can suggest is that this type of transaction (low ball share price for very few shares) does not have a pleasant aroma at any transaction level. Whether it is THE BIG BOYS thousand dollar stock or our own PENNY STOCK, these types of trades remain a concern to me.
Unless there has been a Press Release from Pershing Resources that contained very dramatic and BAD news, then I do not believe there is a valid reason to sell so few shares that BARELY pay for the trade cost. Yeah, I am a little ticked that this happened.
Share price had held relatively strong at the bargain price of $0.06/share. Then a little active trading dropped the price to $0.05/share. OK, the drop from $0.06 to $0.05 is not a game changer. Several THOUSAND shares changing hands at one time just may be incentive enough to drop the share price ONE PENNY. Less than 100 shares changing hands at one time for a ONE PENNY drop in share price stinks! I reflect on the Blackridge purchase agreement EVERY TIME this sort of ridiculous transaction occurs. Remember: THE LOWEST SHARE PRICE for the 10 days prior to the SEC approval is the purchase price per share to be paid by Blackridge. I do not know if this is the reason for the share price dumping, all I can suggest is that this type of transaction (low ball share price for very few shares) does not have a pleasant aroma at any transaction level. Whether it is THE BIG BOYS thousand dollar stock or our own PENNY STOCK, these types of trades remain a concern to me.
Unless there has been a Press Release from Pershing Resources that contained very dramatic and BAD news, then I do not believe there is a valid reason to sell so few shares that BARELY pay for the trade cost. Yeah, I am a little ticked that this happened.
(0)
(0)
