Hi Saragian
I noticed with great interest the following after market late trade in AMA when there were no sellers in sight at the end of normal trading and at a time when the shares last traded an hour earlier at 95.50 cents -
AMA Late Trade 07/03/195:03:08 PM 0.0095 228,848 2,174.056 Chi-X Late Trade
So I asked myself why would somebody sell 228,848 shares to somebody else at less that 1 cent per share when the shares are trading at 95.5 cents?
You then look at the following trading pattern and you may well have your answer -
Please open this pdf file AMA Interesting Trading Patern Motive.pdf
Why would there be hundreds of individual trades of 1 share at a time be getting done if not to drop 1 share in for sale a lower price than the last trade in an attempt to hold down the share price thus trying to lure sellers into thinking there is a lot of selling pressure so they should sell their shares
.
And if you happened to have bought 228,848 shares after market last night at less that 1 cent per share (see above) you can repeat the 1 share at a time sales as seen in the above attached pdf file for another 228,848 separate occasions so that the big boys can get your shares cheaply, In my opinion.
I think you will be able to draw your own conclusions from the activity and trading patterns demonstrated above.
GLTA - and don't give up your AMA shares cheaply with UBS have a BUY recommendation with a price target of $1.35.
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Last
6.6¢ |
Change
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Mkt cap ! $286.9M |
Open | High | Low | Value | Volume |
6.4¢ | 6.6¢ | 6.4¢ | $2.206K | 33.50K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 53365 | 6.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.6¢ | 202291 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 59761 | 1.050 |
3 | 2596 | 1.045 |
3 | 3726 | 1.040 |
2 | 2898 | 1.035 |
1 | 50000 | 1.030 |
Price($) | Vol. | No. |
---|---|---|
1.055 | 77023 | 3 |
1.060 | 53603 | 4 |
1.065 | 51503 | 3 |
1.070 | 2503 | 1 |
1.080 | 1158 | 1 |
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