Hi Bob,
Thanks for the reply. I have looked at the September and October trades and in September the stock traded 1,386,000 shares for a daily average of 66,000 shares, not too shabby! In October the volume was down slightly to 896,130 shares or 40,733 shares per day avg., again not too bad for a company that presumably had nothing going for it. I agree with you Bob that there is some housecleaning going on which accounts for the sellers, but does it account for the buyers? Even if somebody thought that this would make a nice shell, the buyers are all over the place. I have the records for Oct. 1-14 trades and a total of 11 houses bought and 14 houses sold, with Green Line being the largest net buyer by 48,000 shares. It's a puzzle but something to keep on top of, my gut feel tells me that either a single individual or a group is involved in buying up GMO through a number of accounts.
If that is so, I sure wouldn't mind giving them a leg up. Time will tell.
Cheers,
HPJ |
