Crazy volume today. Can anyone entertain an explanation?
Crazy volume today. Can anyone entertain an explanation? I think that a market maker wanted to get out quickly for whatever reason and that in turn triggered the stop losses. Just judging by the way the prices were acting I think that is what happened. I took the liberty to add significantly to my position. I feel as though most may think that there is something going on negative behind the scenes. I think that this is wrong and people are getting impatient. I also would like to think that I have done enough homework here to trust the facts and my intuition. I want to thank those who sold today because I personally thought that we would not see below .57 so soon before the much anticipated news. Those of you who did get out are going to sincerely regret what is about to happen. $BZNE!
I also added to my position today. I have been accumulating since last May mostly in the 50 to 60 cent area. As we all know this is going to take patience but we should get a nice pop on the upcoming announcement. I am in for the long run and I have confidence in Dr Frost in making this a successful company.
Hi rutkowskigreg. MMs will be the only big traders here until news is released about the company name change and the status of ongoing projects. Great care is being taken to announce information that clearly represents the potential for company success in achieving project development progress over time. Short volume has been running about 40-50% recently which is lower than the 60-70% early 2/14. It's amazing the price is still above 50 cents. I'm lucky to own some shares at a discount (remember the time it dipped below 30 cents 11/13?). Personally, I like the idea that the corporate management is taking the time needed to present an accurate representation of the potential value within the company. In my 3 decades of investing in companies associated with Phillip Frost I've learned that patience is typically rewarded handsomely.
Agree completely and I do remember that day as of it were 9/11. I am completely grateful that the market presented this opportunity so close to news release. I took my chances on logic thinking the the market markers are not as informed as you and I.