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Cyanotech Corp. Message Board

  • southwalled southwalled Jun 21, 2012 11:59 AM Flag

    wilmington trust is the seller, stock wont move

    till they are done or another buyer as big as wilmington is a seller comes along. 1st qtr is the key now.

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    • ---the first quarter might be the key, but IMO the action in the market might be even more of a key.

      • 1 Reply to jrn69panther
      • I don't see CYAN following the market. If Wilmington is selling out of it's position, all other analyses are moot. It doesn't take much selling to send this stock into a tailspin. Hopefully (for the longs) investors will see that CYAN is an excellent value at this price and will fill the void as Wilmington bails out. Yesterday's volume was good, and fairly typical of what we usually see on earnings report day. This is a good company with good products. The expanded production results will start to show next quarter. There is no evidence that Mr. Davis is selling shares, so the current downturn in the share price is not scaring him out. I do respect the caveats concerning short-term tax benefits, but at the moment I think that is a flea on an elephant's back. When Wilmington is finished selling, the stock should move up again.

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