GDN 0.00% 1.7¢ golden state resources limited

looking cheap, page-2

  1. 4,289 Posts.
    GDN is at record low
    Everybody who sold today can be assumed to have sold at a loss. Approx $325,000 returned for the sellers who are motivated by a fear of losing more money so are pulling out to recover some of their dosh. That makes perfect sense to me

    My question is - What is the motivation for the buyers who spent the $325,000 acquiring the shares of the "lucky" ones who got out today????????????????
    Who are these buyers and where did they come from. They certainly don't post on these threads from what I have seen. No big buyers with positive outlooks around here. Yet someone is buying. Is it really just day traders hoping for a small bounce and then sell again?

    Who knows but very itriguing IMO
    ? B Rubes ?
 
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