Poor BDR. How can 25 mill shares trade (6 times normal volume) and a 5% price drop on a day the gold price went up.
I am 'in', so there is not much I can do. And honestly, if the BDR management are not hiding anything - and there are no banksters leaking info (like I 'think' happened with the Macquarie forced cap raising (at 91 cents!!!))... if all is above board, then how does 25 mill trade in a 'non event' day.
So, the trades mean something. But in this great era of 'faked' openness, only the people doing the trades and/or with inside info know what happened.
Hey, it could be something simple like some grandma in Cyprus retired, and cashed in a few hundred million of her super gold fund, and that fund was run by JPM, and JPM needed to liquidate the position.
Poor grandma. She sold her $20 mill at least 5% below the real market.
(this is as good a story as any, I guess)
BDR Price at posting:
66.5¢ Sentiment: LT Buy Disclosure: Held
