"(The trading pattern suggest this in my opinion that there is something brewing!)"
Hi Thompson,
I followed/read quite a few good posts tonight, but the part that took most of my attention was the one above from yourself.
Now, something funny happened to me today which I want to share with anyone interested in listening to what I am going to say.
During the afternoon brake and while I was at home for a cuppa and a banana bread slice, I got into the computer and I thought that IMHO there were some good opportunities to buy out there, and I decided to spend some money in GBG instead of others and loaded up some more.
I looked at what price there was available and I saw that the bid was at 43 cents and the offer bid was at 43.5 cents. So, I added up how many shares there were at the time at 43.5 and I then lodged a buy bid of 110k shares at 43.5 cents.
It got taken out very quickly, but, not as one would have expected. My buy bid was filled in dribs and drabs while in between what I was buying at 43.5 there were sales going through at 42.5 and 43 cents all with the "NX XT" symbols besides them. Obviously someone didn't appreciate me buying higher than they wanted to buy at, and did some X trades to bring the sp back down to the level they wanted it to be.
After a few more minutes, and just to satisfy my curiosity, I have done the same thing again and this time with only 25k shares. And the same thing happened again.
Now why would anyone sell shares at a price below what is on offer?? That is the $64 thousand dollars question.
To me, that spells "EXPECT THE UNEXPECTED" factor. Either the news that we are waiting for are very bad and people in the know are bailing out or dumping big, or someone is playing silly buggers with us and wanting to get in on the cheap.
Good luck all.
Regards, Buddy
GBG Price at posting:
42.5¢ Sentiment: Hold Disclosure: Held