Armin: I'm not surprised that your order was not filled today at 1 1/16. Looking at one-minute histograms of the stock price-volume transactions, the stock only traded at 1 bid, 1 1/16 ask around 10 to 10:30 AM PST this morning; it traded at 1 1/16 bid, 1 1/8 ask around 11 PST, and 12:30 to 1 PST. These are approximate times as I did not try to read this precisely down to the minute. After the weak opening, the stock trended gradually up the rest of the day. I was able to buy at the bid price of $1 on Friday, but the order was first gradually filled, and then completely filled about one hour later. Actually, there were quite a few large block trade of 100,000 shares today and I think that some, maybe even the majority of these were on the buy side.
Is this surprising to anyone given the $5 drop in the price of gold today? Is now the time to buy more, or should we wait for a key reversal day in the POG, in which we have a big spike down and then regain all or nearly all of the drop before the end of the day?
Of course, intrinsic developments within the company will also play a big part, but I doubt whether we will find out about these in time to base our transactions upon them? Any opinions out there? |
