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 TradeSo 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.pdfWhy 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.
