Manipulators have been tryin hard to lower the price so they could back up the truck. But it seems like it's not as easy to fleece investors now?
Just as the price was beginning to creep up this morning. The block of 4900 EDGX appeared on the level 2 Ask. And ,just like the other day, they were able to drop the price from $4.99 to 3.81 in minutes. And the entire block of 4900 remained intact as they dropped their price in stages.
I just watched how a block of only 4900 sh. dropped the price $.24 in about 15 minutes. I first noticed the EDGX 4900 sh. on the ASK at $ 4.98 on level 2 when the price was $5.00. Then I saw buyers and sellers lower their prices in response. Then,the entire block of shares continued to drop down in steps - all the way down to $ 4.82. The entire block of 4900 on EDGX never sold a share, but nimbly stayed just ahead of the market and was pulled off before ever selling a single share. But meanwhile ,created a small avalanche which dropped the price to $ 4.76 from about $5.00 in about 15 minutes. Outrageously easy manipulation !
First time I've heard them described as 'patriotic'- my assumption being that your comment is sarcastic? Ayn Rand fans claim that pure capitalism and the 'me first ' attitude benefit society. So,I guess it is a short step to then rationalize that it is 'pariotic to be as selfish and profitable as possible.
Do you know the cost per gal. to make that fuel now? Have they improved the cost lately?
Seems to be the reply to the 'nobody cares' posting. Personally, I believe that complaining,battleing and contesting everything that this board has done to the shareholder isn't whining.It might be useless,but so is doing nothing.
I second your opinion.When Air France took a $5 million stake in Gol at nearly twice the common share price,I couldn't believe the muted reaction. Now the $Real is gaining substancial value, as well.This undervaluation just can't last much longer.
If foreign companies are buying bargain valued Brazilian businesses,then the value has to reach the stock price at some point. Hold on,if you can and the value will be revealed. Hidden value will be released.
Bargain values in Brazil have not yet to awakened stock prices.But large companies certainly like what they see per article seen here:
Tumbling Real Lures Acquirers Seeking Bargains: Corporate Brazil
By Jonathan Levin and Cristiane Lucchesi Jun 26, 2014 11:08 AM PT 0 Comments Email Print
The Brazilian real’s three-year slide and a stock market that trades at a discount to regional peers are making the Latin American nation a buyers’ market, especially for buyers from overseas.
Takeovers involving Brazilian companies rose 70 percent to $29.5 billion in 2014 through yesterday from the same period last year, the fastest pace in Latin America, data compiled by Bloomberg show. Foreigners drove the increase, with deals up 168 percent to almost $18 billion, making this the best first half for inbound acquisitions since 2010, the data show.
Yes if the new shares canceled out the short positions, then the transactions wouldn't show on the volume,would they? Could explain the low volume now.
Yes,it's kind of sad that this company has to overcome so much negative that has been directed towards the government. At this point, I feel like politics has much more influence than the actual performance of the company. The currency exchange rate was blamed for the drop in share price,but now the brazilian currency has made a big reversal gaining on $us dollar, but the share price hasn't moved up at all. It's very frustrating but I'm going to wait for the nexr earnings. It seems VERY undervalued.