not sure where ppl get there info from
but this co is based in perth, the rumour mill over here is alot more reliable because it doesn't have to travel interstate
the latest is instos been buying with nominee accounts. at the same time shaking out normal shareholders and even some bigger ones (with promises of bigger fish elsewhere). they know abt the secret club and they also know that most of them are now scared because most hold rrso as well as rrs.
if it werent for them (the instos) the SP would be back to 40c by now based on market sentiment.
why wont they just let the SP dip and pick up cheapies? because it is not in the best interest of the other instos already in. you come late you pay. the behind the scene deals would have already been made to make sure to this.
whether the oppies will be in the money can be debated to the cows come home. but have no doubt that instos have been buying and will probably keep on buying. they haven't been waiting and they are buying up (rumour)
what they've done with rrso i have not heard any rumours. but it is common knowledge over here that the fundies and instos are buying.
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