Month worth of broker data - 2nd April > 2nd May:
- Total volume churn approx $3.2m (bought and sold) during this time (very minimal turnover given drastic pullback to a low of 0.005 - which in hindsight clearly a tremendous opportunity) - given that nothing has changed (and basin only gets more prospective).
- Obvious major holders are simply holding.
- Merrill Lynch with over 736 buy trades, and 17 sell trades during the month.....LOL ...clearly running an algorithmic strategy of some form (goals unknown).
- Euroz looks like they might have got caught out a little in the wds exit, but regardless snagged some at circa lows.
- Observation to me is simply, instututional buying the weakness; and retail has been selling.
This weeks of broker data when available will be super interesting (will share when available).
(20min delay)