I really don't think the selling is from old note
Post# of 736
Posted On: 12/07/2016 10:33:43 PM
I really don't think the selling is from old note holders. Since they would have actual certificates they would have to go through a broker dealer and we would see those trades reflected twice as ex-clearing trades through VNDM or VFIN. We saw a little of that last week, but none this week. Either as a t-trade at the end of the day or during the regular session.
4 billion is a lot of shares, I'm sure there are people who have this stock sitting and just realized they unload it. I also see all the PND gang showing up on iHub, and they definitely are organized and have a system. We've seen it on other tickers, when there is enough interest they work together to try to shake out cheap shares, then let it run, pump it and dump it.
I hope it doesn't happen to badly here, because it always hurts investors/traders when it does.
At any rate, as long as no one dumps into their .0002 bid they will go back to loading .0003 then let it run some and take profits. If it can clear trips and stay there most of them will go away for good.
4 billion is a lot of shares, I'm sure there are people who have this stock sitting and just realized they unload it. I also see all the PND gang showing up on iHub, and they definitely are organized and have a system. We've seen it on other tickers, when there is enough interest they work together to try to shake out cheap shares, then let it run, pump it and dump it.
I hope it doesn't happen to badly here, because it always hurts investors/traders when it does.
At any rate, as long as no one dumps into their .0002 bid they will go back to loading .0003 then let it run some and take profits. If it can clear trips and stay there most of them will go away for good.
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