Well my last post on this long forgotton stock was around 9 days ago.
As one would expect we see no material change in the trading activity for the week following the announcement.
Today however this changed....nothing major but a minor trend breaker...with no announcement to blame for the price spread....not big dollars ...not massive volumes....just a break from the norm...and when you break from the norm....one has to ask why...sit back...and watch more closely.....
...now if you care to dig back on who helps this company raise its cash...ie a broker...and I'm not doing the work for you this time round...then the trend break and all the info in my last post should start to jel with those who can see past their noses...one remembers that big rises sound alarm bells...and can limit highs....bring it up in stages ...and...and....you know the rest...
Now this company appears to make some form of announcement on at least a monthly basis..excepting JUNE...when you just don't waste paper on one...its a tax wrought time.....so I won't be surprised to see a stunning announcement soon....one that may justify some price movement of a somewhat larger magnitude...just my suspicion....anyway check out that past supporting broker and dig....remember this company can be very enterprising when its ready to make a change...4 yrs seems about right...the markets are reasonable....tecks and gaming aren't on the nose anymore...and if a tech survived to now and makes a profit then its just not as rotton as some may have felt 4 yrs ago....and all the released escrow stock...in useless paper.....one would just love to see that converted to cash....
....now we know you can't short a spec ...legally....but as I recall back in the tech booom....stock was lent for a fee....to cover legally....say no more...
.......I can only hope that my gut feeling on this is remotely correct....
and yes I have slightly increased my holdings but not today or yesterdaY...THE BID IS NOW 2C...
TRADED TODAY APPROX 828,000 AT 1.8
400,000 AT 2C
370,000 BOUGHT BETWEEN 3:26 AND 3:47
WITH 130,000 ON THE BUY AT 2C.....
As I said not massive figures but they are contrary to the norm for trading after and between announcements....so they stand out...especially as they close the stock on a rise...
...time will tell...I suspect soon
Al
JUM
unknown
Well my last post on this long forgotton stock was around 9 days...
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