Hey CronJob, welcome to the yo-yo factory.I wish I could shed some light on your question, but unfortunately I’m not really familiar with how much volume is coming out of the US. I suspect that it’s probably fairly concentrated within the hands of a very small number of players. But I could be wrong.I don’t know how much coverage they’re getting over in the US, not much by the looks of it.
I think this recent boost has come about mainly because of one buyer (who is an associate of Clutterbug). I’m still viewing the recent run pretty cynically, sure, there’s been a handful of new announcements, but there’s no detail about the value of the contracts, there hasn’t been a noticeable increase in revenue. So I’m of the opinion that they’re planning a buyout or something of that nature. In other words, buying for reasons other than it being a business with a great future.But take what I say with a grain of salt.
Can you open an account to trade here in Oz? Maybe through interactive brokers or something? Then you won’t have the massive spreads.
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