BBI 0.00% $3.98 babcock & brown infrastructure group

10c a distant memory by year end, page-17

  1. SP3
    18,710 Posts.
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    dreads

    People are selling for 3 or 4c for various reasons. However after having watched the trading patterns since it bottomed at 2.5c I can confidently say that the smart money is loading up now.

    You need to differentiate between a "net seller" and a "net buyer". My interpretation of recent trading activities indicates to me that more investors are accumulating than dumping.

    I think today was the litmus test which confirmed my analysis, particularly that large sell orders at 4c. Normally, when those orders are placed the share price retraces but today, the share price not only held up, bt instead, it ran to 4.7c on very high volume.

    I think you will find tomorrow it will open at 5c+.

 
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