Trading volumes over the last 30 days that have seen 9c wiped off the SP, have actually been relatively low. Only 3 days where volume tipped 500,000.
Looking back at the previous run up in Sep and Oct, we saw a number of days where volumes well exceeded 1,000,000 (up to over 3,000,000).
Bottom line, I think this is pretty tightly held by Long Termers and while there are Traders out there playing, Investors are awaiting a good sniff of news of HA parterning, HA Phase III approval and possibly Fonda Sale before triggering the next leg up, any of which by the way is likely to be our most significant news in a long while.
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