Re:ECU:OMG..did you see these aftermarket transactions?"Where did shares come

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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Silverbull50

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Re:ECU:OMG..did you see these aftermarket transactions?"Where did shares come

in response to

Re:ECU:OMG..did you see these aftermarket transactions?"Where did shares come

iluvsimba

posted on Jun 19, 2011 11:01AM

Because they were "happy" sellers at a price 11 cents above the 4pm close on 6/17.

Let's say you have a position and you are not in love with the stock. Some trader calls you late Friday and says, "we are a buyer of ECU in the after-market at C$.95.

Believe me, many would be happy to offer their stock at that price., and that is the price requited to accumulate (cross) 8 million shares. It is literally a "free lunch" for the sellers.