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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough! -- Ignore unavailable to you. Want to Upgrade?


To: Walter who wrote (2128)6/27/1998 6:17:00 AM
From: maxed  Read Replies (1) | Respond to of 5206
 
Hi Walter. I think you can drive yourself nuts trying to figure what the daily trades mean. We will always be the last to know and it will always be too late when we do find out. What we do know is that in the span of 11 minutes someone sold 120,000 shares in 3 trades for a value of $39,000. At this price we can assume that it was not some little guy who bought because someone told him it was going to $20 a share next week. If you spend $39,000 on a penny stock you better know what you are doing. On the other side of the trade why did someone sell 120,000 shares at .33 cents. If they bought them at say 20 cents then they just made $15,600. Or did they buy higher but saw a chance to get out before they lost everything. So many questions and so few answers. On the other hand it could be the guy who won the power ball who doesn't know what he is doing and doesn't care. He just might be looking for a tax write off next year. Eddy.