I like their form. Sell into the 33c line (take it out) & place some bigblockers 2M & 1M share sale at 33.5.
Once again..if the sky was falling these guys would be selling hand over fist to exit their position.
This type of sales activity has been played out like this for the past week or two (with the big sale at around mid day..today was a little earlier). Can't mess with their luch break & they know everybody now looks & stops buying waiting for a sign & they get some good mileage out of their blocking position as other 33.5 come in after theirs.
Yesterday a buy for $2m approx 5.9M shares went through at 34c..Would that be smart or not no smart money?
M
SDL Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held