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Intricon Corp. Message Board

  • o08o.ugh64w o08o.ugh64w Jun 12, 2013 8:04 PM Flag

    Got shares at 52 week low...

    before a new 52 week low was set, and then another. The closing price was just the market maker painting the tape - wasn't for real. True close was $3.53.

    I just put the limit order in before the market opened this morning for he heck of it figuring it wouldn't execute. I may do the same tomorrow.

    The market can do stupid things in the near-term, but longer term it will get it right. Earnings will be stronger later in the year as the sequester lets up. I own another company that was awarded a Navy contract just a day or two ago - so money is still being given out.

    I will see if I can get shares at another new 52 week low tomorrow - maybe market maker will play nicely with me?

    I would guess CEO and CFO are trying to buy more shares here - only problem is that there's no volume to be able to get a chunk of shares - market maker is playing games moving the price with tiny trades.

 
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7.54+0.12(+1.62%)May 22 4:00 PMEDT