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SIGA Technologies Inc. Message Board

  • spectrollmicro spectrollmicro May 22, 2014 10:54 AM Flag

    buying and selling

     

    Everyone is upset when the price goes down and then they blame the company. So if I bought an additional 75,000 shares and that made the price rise $.35 or more, I guess everyone would say what a great conference call. If I sold 75,000 shares right now, it would drive the stock down $.35 at least, maybe more. Would the company be to blame or would it be just me? It would have been me and it would have nothing to do with Siga the company.

    Traders are making the stock price run up and down, not the company. If you think the price is too low, then buy 100,000 shares and watch it climb $.50 or more and then other traders will step in and promptly sell it down. Traders who are here for short quick money are the problem, not the company. SIGA is defending in court, the very thing that gives the company any value, their drug.

    So don't blame them when you and your fellow traders drive the stock price down on a low float stock.

    Sentiment: Strong Buy

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