Not hard to see what is going on here ... this stock saw huge buying support to drive it to .75+
Did any of the big holders/directors sell at this price? nope
Last eight weeks what have we seen, small volume trading and bots day in day out making early to the party small investors nervous and encouraging them to take what gains they have on the table. Is this to be expected yep
At .55 we saw it tick down until yesterday's capitulation ... Today the sells are being met with buys. encouraging yep
Not hard to imagine that the big buyers will again return and push it back up on positive newsflow from the US launch and sales data (which I tip will be small but encouraging)... Much, much easier to make big cash here if you are buying at a low base and dirving higher on the encouraging news, than pushing it higher and possibly seeing it hammered on news that is unlikely to excite market if the sp is $1. Do I think that the buyers who have made money driving ISN higher are done yet? Nope.
Has Bruce Mathieson or Rob Thomas or Ross H sold one share of the stock they bought with their own cash ... nope
Do i expect them to cash in at some stage ... Yep
At these prices nope.
Will the baggers use this as an opportunity to cane the stock yep
Going higher in the new year. Good buying at this level? yep
ISN Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
