Hmm, I see the TGC stocks trade down at 90. This person who put in a low bid at 90 got his 5 shares rather quickly.
Staggering, isn't it?
I assumed it would have taken years to get to that level of activity.
And it looks like another 8 shares (800 grams!) have been sold since then, too.
That in itself is not such a problem, but one would expect to see more bids coming in at 90 if there is any demand out there.
(You mean "supply out there". Bids are demand, and offers are supply.)
Why pay 100 if somebody succesfully bought at 90 by putting in a low bid? Those who are looking to buy TGC shares have nothing to loose by putting in bids at 95, 90 , even 85.
An outstanding idea, Danny! I'm putting in a bid for 2 at 97 immediately!
Perhaps that will tempt some sales...
Where are they? Has demand completely dried up already?
Perhaps you don't understand how "bids" and "offers" work - it can be confusing in thin markets. It looks like every single time there's been an offer under 100, it has been, as you say above, snapped up.
I also don't see how you can ever have anything like "a reasonably active market" with only 400 shares trading.
Since you've been wrong with every prediction so far, that doesn't seem to be much of a problem! :)
Cheers, Danny
Good one - I put an bid in at 97, we'll see if some "weak hands" sell at that price!
I'm looking forward to the dividend increasing on the 1st - I can't believe it's been a quarter already. Where does time go?
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