Hi Nirp-
personally I'm mindful of the fact that brokers etc hoarded a good chunk of production last year, and were obviously rewarded for doing so as we have seen with the base price climbing.
Experience tells me that if someone found honey somewhere once, they'll go back to the same spot and have another go next season. Add to that of course increased demand which is slowly but very steadily building to a point where it has its own momentum.
For your volume concern don't neglect to consider the number of shares on market- the tight register really doesn't forgive hesitation as I've learnt myself.
All in all we've held up very well during this tax sell off especially by comparison to some other energy related stocks so another good day for us all here, a good start to a happy new trading year.
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Hi Nirp- personally I'm mindful of the fact that brokers etc...
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1 | 10000 | 0.395 |
2 | 35588 | 0.390 |
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Price($) | Vol. | No. |
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