Kgem to the HIMR team. I feel today was an inte
Post# of 17862
Kgem to the HIMR team. I feel today was an interesting day, and let me tell you why. While I was busy elsewhere, I was still here in spirit, and decided to try something that I would not recommend to any penny stock investor.
Around noon central time I decided to place a market order for three million HIMR shares. I was not able to watch this trade, and I was fully aware that I could be burned with buys much higher than I wanted or hoped for. However, I decided to try this experiment anyway, because I felt it was important to understand what was happening.
My order was filled in various increments ranging from 100 shares to over a million, and the average price came in around .0004. Several trades took place in 100 share increments at .0003 and a few buys occurred at the end of the day at .0005.
So what does this suggest?
I suggest this is not normal market activity. While some opine this is market makers, others feel an individual or a company might be holding share prices down. In the end, I suggest none of this really matters.
If this is an individual holding prices at this level, they are doing it for a purpose, and at great expense. I personally cannot imagine why anyone would be this stupid, but have at it if they so wish. In the end, they will lose and shareholders will win when the lid is finally removed.
Another train of thought is that share prices are being held in this range by a market maker. This might be possible, but again, one would have to consider the motive. For a market maker to make money by holding share prices down right now, they would have to be convinced share prices will soon rise and at a very rapid rate. Otherwise, they are making a very poor business decision, and I feel that is not likely. This would mean shareholders can expect a very rapid rise in prices, and in the very near future. This would be good for us all.
Finally, some feel that a company might be holding share prices down (not HIMR). This is a possibility, but only if a company intended to gain control of Hollund, and at the lowest possible price (i.e., a hostile takeover). However, since share ownership beyond 5% must be reported, I don't think this is likely unless it could be consummated in very short order.
So unless I am missing something, and I am open for suggestions, the only other possibility that comes to mind is Hollund itself holding share prices low. If Hollund is the one holding share prices low, then one would have to ask why. A share buy-back and retirement? Perhaps.
I certainly don't feel Hollund would want share prices low if they were attempting to raise money for operations, because that would be counter productive, in my opinion.
Maybe I am missing something, but based on this assessment, buying seems like a fairly safe bet right now. While some might disagree, the knowledge that someone or some thing wants prices held low at this time would seem to suggest higher prices are right around the corner.