Caketin I do think it is real selling. You must remember where this comes from - many have held since the Citri Fresh days and that had a savage consolidation - I have been looking at a few scenarios - If you hadnt sold and been through the consolidation etc you would be sitting on a sizable loss right now. 2008 onwards saw the market go down and at 2012 it was now consolidated and then dropped a bit as well. So in fact there has not been that many selling opportunities as you think. I think ( opinion) that many of these holders will sell over time but that its not an active position just occurs and it depends on the buying stack at that time. I looked in June to sell some stocks to cover realised gains. PGC was not one of them but even if I had looked it was not trading into a happy market. I think that the process is just what it is. Not going to change until the company has a daily trading volume much bigger than we have now.
I think it does allow an accumulation process to exist and to keep adding to your holding.
PGC Price at posting:
30.5¢ Sentiment: None Disclosure: Held
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