abc country hour piece today, page-7

Good post.....I am definitely accumulating more shares at $10.30 level, will have a 25,000 share stake by close today....after two big trading days was surprised to see another 1m shares traded in the first 90 mins.

Not sure who would be unwinding positions at these levels, perhaps day traders who bought on takeover speculation but have no patience.....whatever it is doesn't seem to make much sense given outlook for this company.

When the volume dries up in the next trading day or so it will move back to $12 quickly. Volume in 3 days could almost top 10% of issued shares the way it is going which is massive from a historical perspective.

It is actually impressive that 1m shares can trade hands in 90 mins within a 8c range......if you look at history those sort of volumes would move the SP 50c+....so there is heavy accumulation at these bargain prices...into much stronger hands IMO.