Shorters seem to be robbing Peter to pay Paul. It looks like they're selling to the company buy back causing it to drop once they've sold and then buying low again. Little T and all the forum members are right, this has to be some dodgy selling happening! Can see the whole 50m getting used up similarly with sellers selling into the buy back then buying more once the price drops!
For those big holders with a high amount of shares selling into the buy back and then rebuying on weakness is a great strategy, particularly those who bought early, have a high percentage and are well in the green! Just sell a small percentage and rebuy if it drops. If it doesn't drop your other holdings go up so it's a win. If it does drop you buy more. You can sell confidently knowing that the company will buy your shares!
NEU Price at posting:
$12.94 Sentiment: Sell Disclosure: Not Held
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