Seems to be a bit of a brick wall at 42 cents at the moment.This...

Seems to be a bit of a brick wall at 42 cents at the moment.

This is interesting in that if I wanted to sell my AZZ stock now I would not be putting my bid in at 42 cents or above as it will take a long time for the buyers to get through that 42 cent barrier.

In effect, the blocking at 42 will force a lot of short-term smaller sellers to sell at lower than 42 cents.

This may be a deliberate ploy so that AZZ can pick up stock at lower than 42 cents via the buy-back process.

If the sellers at 42 and above are genuine (and not a "fake wall") then they should rethink their strategy of keeping their sell orders live as smaller sellers will continue to sell into anything below 42 cents and thereby make it more difficult for the the 42 cents line to be taken out.

IMO a better strategy would be to take their sell orders off and let the buy-back gradually raise the price of the stock and then they will be in a better position to sell into a higher price.

All IMHO