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Technology Stocks : PHGI -Perihelion Global, Inc.

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To: donpat who wrote (407)12/17/2005 1:07:05 PM
From: rrufff  Read Replies (1) of 827
 
I agree - but we need to see actual results - the other day after the PR that they were buying, the stock moved up. Then, all of a sudden, there was a string of very large sells, all for the same price, probably 1 seller. At that point, the stock stopped trading as retail investors likely said "WTF??"

IMO - the seller was either MM or an insider selling. More likely an insider as MM would make a better effort at hiding it.

So, the cynic in me says, rather than buying, they were selling, and, sure enough, the stock is back close to the cellar at .0001 bid.

Again, not bashing, but if Angstrom is serious about this, let him go out Monday and buy all the shares he can get at .0002 and then .0003 and then .0004. Retire those shares for now. It won't take a lot of money compared to what has been sold at higher prices and compared to what the share price could be if the stock moves as HISC did.
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