Yup when it goes to the low trips, it really doesn
Post# of 9903
Posted On: 08/21/2013 12:24:43 PM
Yup when it goes to the low trips, it really doesn't stay there all that long.
If SRGE is indeed buying back the shares as was their original plan, I bet they can't thank the painters who have driven the price down this far enough for saving them so much money! lol
I think, quite possibly two things are happening here - 1) I get the impression that the bashers were buying small amounts of shares then selling them at a lower price to drive the price down as far as it has gone. I think up until the last month or so, shares although in short supply, could still be bought quite easily. The bashers could then sell them at any price they chose to, but the amount in question was so small, it would not bankrupt them. Now I think the bashers are themselves having difficulty buying shares to paint with, so that is not taking place so often as before.
2) As we have seen more and more recently, there are often days with no trades or virtually no trades, or the first trade takes place very late in the trading day. This is because there are fewer and fewer shares coming up for sale. As we know trading on the Grey sheets is on a matched basis. So the last traded price on the screen in not necessarily the price that the last trade actually took place at. So as one or two have commented, pretty soon the relevant technical indicators are going to turn positive, and along with news, we should see something amazing happen here!
If SRGE is indeed buying back the shares as was their original plan, I bet they can't thank the painters who have driven the price down this far enough for saving them so much money! lol
I think, quite possibly two things are happening here - 1) I get the impression that the bashers were buying small amounts of shares then selling them at a lower price to drive the price down as far as it has gone. I think up until the last month or so, shares although in short supply, could still be bought quite easily. The bashers could then sell them at any price they chose to, but the amount in question was so small, it would not bankrupt them. Now I think the bashers are themselves having difficulty buying shares to paint with, so that is not taking place so often as before.
2) As we have seen more and more recently, there are often days with no trades or virtually no trades, or the first trade takes place very late in the trading day. This is because there are fewer and fewer shares coming up for sale. As we know trading on the Grey sheets is on a matched basis. So the last traded price on the screen in not necessarily the price that the last trade actually took place at. So as one or two have commented, pretty soon the relevant technical indicators are going to turn positive, and along with news, we should see something amazing happen here!
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