Hi Joe,
'There are some decent bids for them to hit, but they seem to be about 20-30 cents lower. Because 84 keeps upticking the chart, they are likely having trouble doing the daily volume they need to keep on schedule.'
I don't understand this, couldn't they (Acqua) simply take out House 84's bids and the lower bids to get the volume they're looking for. If it is Acqua selling as you suspect, what do they care, they just get more shares if the price is lower. Please help me understand why House 84 is limiting Acqua'a ability to realize their volumes.
Also, what is in it for house 84 to drive up the price. If I'm buying, I want to purchase at the lowest price, why would House 84 think any differently?
In any event, this price is very discouraging and if we move into the 2's, I assume it will happen with a bang since I lot of margin holders will be forced to sell.
John |
