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Technology Stocks : PHGI -Perihelion Global, Inc.

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To: newatthis69 who wrote (448)1/13/2006 1:04:49 PM
From: rrufff   of 827
 
Down at this level, there are other considerations. It wouldn't take a lot of money to buy a significant amount of shares. Insiders who have sold much higher should be doing this to establish some support. Often when a stock gets to being near the cellar of quotes, you get MM naked shorting, because of the spread and also because they figure there will be r/s if they can keep the pressure on the share price.

If the company is able to move the stock up to the next decimal, you could say a lot of this reversed. My point is that sometimes it is worth their broadcasting their moves, but I think it should be the insiders buying. They can afford it and it sends a much better message.
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