[just thought id open up a new thread]ive watched it trade very,...

[just thought id open up a new thread]

ive watched it trade very, very closely for the last few months

i was pretty sure some heavy insto accumulation was going on and see it almost every day even now

i saw on another forum someone posted some numbers of some of the instos' who have bought over the past 6 weeks, and upon reading that, i called my broker in QLD and he checked the records and saw that UBS, Citigroup, Merril Lynch, Tollhurst Noll and Macquarie had all been buying millions of shares and opies

UBS are the biggest buyers. They have been buying millions and millions. But mainly options - as i said, by buying the options, you dont need to release 'becoming a substantial shareholder' notice to the ASX; and thus the stock can continue going un-noticed and they can continue buying more and more

If you have a broker, call him up and see if he can check the records for the past 2 months to see who has been buying

Youll see exactly what i have just told you

Also watched it trade closely, and youll see a lot of capping orders on the sell-side. They continue to try to cap it and ensure it doesn't move. These capping orders are usually in the vicinity of 20k, 25k or 35k. They are put ear the top [or bottom,lol] of the sell side so have a real effect in causing other sellers to sell just below there order, thus capping the stock

They'll also usually have a buy near the top of the buy-side

Read through some of the earlier posts on this over the past few weeks; most are my own rumblings

lol

this stock is so hidden and un-noticed i was amusing myself [lol] by rambling on stupidly to myself...so sorry about that


Also, they're are NEVER any cross-trades on this one

Why? Because retail holders are selling, and staging profits while the insto's buy...

Today, not 1 trade cross-traded; Probably 5% of trades are cross-trading.

Thats a ratio comparable to a company like BHP; and we all know the trading on BHP is via insto's.

I see these levels as a floor, and 3-6 month upside b/t $1.25-$1.75; and at the very least, $1


Hope this helps........