Every buyer and seller over the last few days is just passing the buck to the next retail holder and vice versa.
25M volume last friday, 20M volume today aint nothing just little fishes trying to sway the market.
The convertible shares have not been disposed in any form yet. But get ready for the trigger.
Look at NOR (3.4c to 16.5c high), AYB (3.4c to 20c high), HCT (14c to 34c high), AHF (17c to 60c high) of recent note. Thats what a major liftoff in price is like and it is done professionally with all their market tools.
Here at ODN we have a 20M shares sold and bought and everyone is saying its the pros selling or buying. Its only the retailers and traders passing the buck.
Theres no logic in someone with a large exposure who will just dump and dump. Its illogical
The only offloading mechanism they have is via an exponentially lift in prices.
Off to scour the markets for the next great fundamental stocks as I await over here!
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