SDL 0.00% 0.6¢ sundance resources limited

westcott, page-18

  1. 2,214 Posts.
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    Not so sure that it is shorters operating here, the trend in the past few months has been instos, i.e. DB and UBS have been accumulating for themselves or whoever they are acting for. The trend continues as we speak. Many, many parcels going through at 2,3,5 thousand shares at a pop.

    Mind you stranger things have happened, but my gut feeling is that the price is being (and I hate to use the term but)capped whilst "they" continue to accumulate.

    Considering that some 250mill shares are now held by those named above would suggest that it is more a look towards the future, whether that be next month or next year is in the lap of the gods. I would dare suggest next year and beyond.

    Let's remember that instos such as DB and UBS don't necessarily operate on a day to day basis, but with an eye to the future, far more than the average day trader does. That is a given.

    Of course time will tell, bit in my humble opinion, there is a large scope for upside. No need to go into particulars as Westcott and co. have that well covered, and thanks to them for the info.
 
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