Distribution?
Message ID: 32702
Posted By: walterbyrd
Posted On: 2003-08-25 12:29:00
Subject: distribution?
Recs: 2
Doesn't matter how high scox goes, unless there are real buyers at that level.
Sure, canopy companies can trade scox back and forth, and drive the price up, that's no trick. The trick is to be able to dump those over-priced shares on unsuspecting traders/investors.
There are retailers out there who will gamble on a few thousands shares. But scox insiders have millions of shares to unload. Seems to me it would be quite a trick to unload like that, before the whole scam falls through.
I wonder if the percentage of insider holdings has changed significantly? Seems to me that the lower that percentage, the harder it will be to manipulate price.
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copying and distribution by the Yahoo Message Board user "walterbyrd"
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Posted By: walterbyrd
Posted On: 2003-08-25 12:29:00
Subject: distribution?
Recs: 2
Doesn't matter how high scox goes, unless there are real buyers at that level.
Sure, canopy companies can trade scox back and forth, and drive the price up, that's no trick. The trick is to be able to dump those over-priced shares on unsuspecting traders/investors.
There are retailers out there who will gamble on a few thousands shares. But scox insiders have millions of shares to unload. Seems to me it would be quite a trick to unload like that, before the whole scam falls through.
I wonder if the percentage of insider holdings has changed significantly? Seems to me that the lower that percentage, the harder it will be to manipulate price.
------------------------------------------------------------
The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user "walterbyrd"
under the following license:
License: CC Attribution-NonCommercial-ShareAlike v2.0
------------------------------------------------------------