The day of approval, the stock was at $3.85 and opened up the next day at around $3.78. That is the level we are at now. Tomorrow will be a very interesting day to see if we can break thru this level of resistance. That company can not buy until the price is over $4.00. This week we will find out if that company will start buying stock soon. When they purchase 100,000 shares a day, the price should run up to $5.00 quickly but may not get any higher due to the fact that they want those 100,000 shares a day. This is getting more interesting by the day.
I dont understand the idea that a company can only buy 100000 sh a day.Why cant this preported company buy SFE 18% shares or the 40% that the officers and board ownes.The share are there to buy but this idea of only 100000 sh a day has me puzzled.Please explaine. SafeGard Scientific has !8% ownership and would sell for the right price.They invest in startup companies and then sell when those companies gain worth.They then invest in someone else.