AUL 0.00% 28.5¢ austar gold limited

When fortrend was issued shares they had no intention of holding...

  1. 4,255 Posts.
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    When fortrend was issued shares they had no intention of holding because the convertible note holders have more benefits from selling( more shares for their buck if SP is low) Fortrend selling increases supply dramatically which bought SP down.

    Yesterday we saw a big supply of oppies for the first time in a long time IMO. Most oppie holders have been holding tight with a few shares being sold here and there. IMO there was someone who wanted to sell oppies yesterday and they wanted cash fast, the huge supply caused the oppies to fall and also caused the heads to fall.

    my question is, how many more do they have to sell? If they have sold most the supply will end fast and the oppies and shares will bounce fast IMO. There are still only a few heads for sale below 10 cents and the opies seller ame from offscreen so hard to say how many more will be sold cheap tomorrow.

    I saw yesterday as a ST opportunity and i took it. happy NY gang...

    and yes Hudson I am serious--Sometimes you need to look at all variables/events to make accurate assumptions IMO. Selling of the oppies to reduce the cost of the shares to less than 4 cents is not surprising by some SI IMO,,,,they have reduced the risk and got back a good % of their capital investment. I just hope not all of them wanted/needed the cash and the remaining ones hold strong for the big gains like I am...
 
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