Morning all,
This morning has shown great signs of an upcoming move back up imo. Accumulation has been taking place all morning and this follows the attempt to buy 4 million shares near the close on Tuesday which was withdrawn yesterday morning after the issues overseas. It is also worth taking note that yesterday, the 4 mill buyer came back, albeit only for a few minutes. It is my guess that they thought better of it with the instability in the market yesterday and once again withdrew the purchase order.
Today has been very encouraging. At one stage there were about 1 mill shares available at 2.2 and then bang - mill buy order came in, shortly after same thing happened again, 1 mill available and within seconds they were taken. Shortly thereafter we had around 4 mill taken at 2.3 with subsequent purchases at 2.3 totalling over 5 million shares in around 3 minutes.
Is this a sign that something is on the way, imo we are due for some kind of news, there has been plenty of talk about the possibilities so I won't go through them all again but the signs this moring are pointing to something quite exciting happening. The last few days have been quiet but today has shown there is still plenty of support in the buy side.
I bought a few more this morning once I saw the movement and it is my guess that next week might be the start of the unlocking of a few doors to the HotShot/MMZ story.
Best of luck to all.
T-JAM
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