I didnt see this coming. Did not think we would see .70's again. Holding what I got for the ride down. To be honest I hop it stays here for a few weeks. Selfish I know, but I dont care. I would love to buy 10k more at this price. Are you kidding me? This is the last big push to accumalate before the ride I think. But this is the most selling pressure I have seen in a while here and I bet someone is going to make a huge payday in the next year. Me for one!
Buy for your kids future. I am!
Dolphin this is because the anticipated large player deals aren't, until now, materializing. That was everyone's guess a few months ago. They may still happen, and as times go on, more likely. But until they do this is considered a company with an awkward balance sheet. I'm sure the competition is pulling all the stops like giving away free stuff to old customers and assigning board tards to slander like we've seen- 25 Id's with one or two thumbs down to positive comments. Also, I don't know the specific facts and could be wrong but the sell-off coincides with the new dmrj agreement- the big volumes would reflect big holders grabbing some cash.
Divalebbu, I should've been more specific in the other thread... what you're talking about here is what I'd like to hear more about from you. Why do you think a big holder would unload their position into downward pressure to grab cash when they'd be better off unloading into an upward trend? Why would DMRJ or anyone else with a sizable position wait until after DMRJ re-ups their financial support rather than sell earlier at a higher price? Why cause the slide in the price? How does that benefit the holder? DMRJ is not investing in the company to kill it, they're investing in it to make multiples. Why would they undermine their own investment, and why would anyone else sell low? It doesn't make sense to me, but it seems to make sense to you, and I'd like to know why so that I can see the other side of it. Your insight here would be appreciated.