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PharmAthene, Inc. Message Board

  • pensivepop pensivepop May 30, 2013 5:14 PM Flag

    TEST YOUR YOURSELF..Which side would rather be on..

    I actually asked myself this question and it's a good one because it tends to identify your thinking in making buy/sell decisions. I saw it again today twice in the trading of PIP. Okay, mid-day a block of 62,000 shares was put up at a Bid of 1.85. During the next several hours that position was whittled down and gradually the sellers took it down to zero. Again near the close a Bid of 102,000 was put up at 1.82 but it was too near the close so one cannot draw a conclusion. The question is..If you already own the stock and see a huge block taken down by sellers as it was in the first example are you..(1)disappointed and wished it had never existed because it showed you the sellers are out there big time...OR..(2) Darn glad it all took place because it shows you some good-sized money man thinks enough of the stock to put his money on the line for well over a $100,000 dollars. Okay...How do you gauge yourself, would you rather not even have the block appear if it's going to be taken down or yes, it still is a good omen of things to come.

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PIP
1.4398-0.0102(-0.70%)Apr 24 4:00 PMEDT

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