Price and Chart HIO, page-1539

For those waiting for a pull back or retrace before buying/topping up/buying back in etc, - Here are my thoughts why that is not likely to happen for a while (or at least no more than a 10% or so retrace if lucky).

1. Despite the price increases, there is an increasing number of buyers. A few weeks ago, the number of buy orders were often in the 200's. In recent days it has increased to be in the 300's. When I have looked today, it has sometimes been over 400. To me, that says that the shares are being bought up by new buyers coming in, rather than existing buyers increasing their bid.
2. The limited number of sell orders and shares for sale. The number of shares offered for sale are often less than two million, and sometimes less than one. From watching past retraces with HIO, the number of shares for sale has increased around the time of the retrace (usually over 4 million shares or 50% of the buy orders, from memory, I was not recording).
3. From the comments being posted here, most buyers appear to be long term holders rather than traders, or have a long term holding parcel and a trading parcel. Therefore, more shares being pick up for long term holds than pure trading.
4. There are no significant shareholders selling. In recent months, the selling by Regal or Silvergate has stopped momentum and often contributed to any re-trace. That is not going to happen again.
5. The share price is supported by the fundamentals. Many have posted their thoughts on future NPV and share prices. This has recently been confirmed with a research report saying the current fair value is 80 cents. See the thread about that report for why 80 cents is considered conservative by many.

Therefore, until one of the above changes, I would not expect a retrace, pull back or similar.

Good luck with your strategies and enjoy the ride.