A rough & ready calculation of volumes from charts (ADVFN in the UK) gives ~ 51M shares churned since the relist 20 sessions ago. How much more selling can there be?
This has moved in only one direction with not a single bounce of note, yet the stock has fantastic upside potential coupled with positive markets generally & strong Ni price. Why are these 'sellers' so desperate to get out, seemingly at any price - or is there more going on here?
Either we are seeing indiscriminate II selling, or the price is being capped whilst significant accumulation is occuring. In either case, once 'they' are done we should see a smart move up IMHO.
Hellish frustrating so far, especially as most UK holders can not even access their stock (from pre-suspension) days yet. Just gotta hang in there I guess ;-)
ALB Price at posting:
12.0¢ Sentiment: LT Buy Disclosure: Held
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