Tuesday, February 8, 2011
Who's Buying and Selling
These are the house positions since the news release before market opening on Feb. 3 that announced disappointing results. It's interesting that so many times in the past when the stock price declined on higher than normal value, the selling came from Canaccord and Anonymous. The selling now is coming from retail through Canadian discount bank brokerages. Fidelity has been steadily accumulating for a long time. It will be interesting to see if we continue higher in the coming days if those that typically sell spikes, hoping to buy back for a few pennies less, jump back in.
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2 comments:
I really like the house positions tonite. Cannacord coming in and taking down that wall at 60 cents was very telling. Cannacord was behind AVR that did great once they got to commercial production. Cannacord is probably betting the same will happen here. If some of you guys have not looked at how AVR performed, I highly recommend it as I expect us to follow a similar path.
The buyers today were mostly institutional and the sellers retail. I think smart money is moving in and judging by the volume today and the last few days, we are establishing a nice trend here.
Good luck guys, seems all our patience is going to be rewarded!
Glorieux
If the shares are taken up by the strong institutional hands, it must necessarily bode well for the share price going forward. The swelling volume is indeed encouraging.
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