re: Ann: Export Coal Sales - December Quarte...
Just some research that may be of interest to help clarify. Regarding supply and demand in the theory of VSA.
Accumulation phase: Not all of the issued stock can be accumulated straight away, since most of the stock is tied up. For example,banks retain stock to cover loans, and directors retain stock to keep control in their company. It is the floating supply that the syndicate traders (smart money) are after. Once most of the stock has been removed from the hands of other traders (ordinary private individuals/mum and dad investors), there will be little, or no stock left to sell into a mark-up in price (which would normally cause the price to drop).
At this point of critical mass, the resistance to higher prices has been removed from the market. If accumulation has taken place in lots of other stocks, by many other professionals, at a similar time (because market conditions are right), we have the makings of a bull market. Once a bullish move starts, it will continue without resistance, as the supply has now been removed from the market.
CCC Price at posting:
69.0¢ Sentiment: Hold Disclosure: Held
