There is no way any one person sold a million shares at an average of $2.30, no way, no how.
For it to have occurred, only three days were eligible. Mon, Tues, Wed(17th, 18th, and 19th of Nov 1997)
Monday, when the stock closed at 2+, can be ignored cause that was almost all buying or the stock would never have gone to 2+
Of the 1.6 MM volume on Tuesday, peak day, selling was far less than half of that 1.6 MM volume as well. Why? 'Cause the stock rose to 2.65 and held at 2.30. The day after, Wednesday, the volume was 1.1 MM, and also needed some.buying or the stock would have been hammered even more.
So, of the 4 MM shares traded those three days, well over half were buys. So, well under 2mm shares were sold. And I am not even taking into account MM games, here. Now, are we to assume that 1 person represented the majority of the selling at an average of 2.30? No friggin way.
TG wondering why I'm even wasting time responding to a lunatic claim of 1mm sold at an average of $2.30. |
