Private investors have had minimal impact - as usual. Most are already positioned - others lack finance. No recent ground changing announcements.
Seems institution accumulating has backed right off too.
However there must have been some cause of last weeks surge to all time high. Broker recommendation bringing in a wave if private investors? Second institution moving in to accumulate a pre-determined stake? Must be something.
Some weakness now and for a month to come could occur due to option holders selling to clear - or to gather funds to excise remainding options. Such holders will need to unload approx 33% of options held to excise remainder. Most hold shares too. The practical way to obtain funding for options would to be sell the shares. The turnover in shares allows this. Turnover in options does not. In the next 4 to 5 weeks smart accumulators will be buying on the dips.
This could explain the SP sag now?
A long shot!------ Institution is holding back in anticipation of announcement to avoid any "insider" aspersions. mmmm??
Worse case scenario is steady as she goes till mid April.
As posted a number of times April will coincide with a confluence of factors bound to cause a significant market reaction.
Recent high of 59 cents? Positive as the bidding - say to 80 - 90 cents will not be far out of kilter with historic past Share prices.
No one has missed this train! Smart accumulation now will bring positives quite soon.
