I feel the same, bbj- like what is going on? It's funny- if...

I feel the same, bbj- like what is going on? It's funny- if non-holders looked at these threads, looked at the SP, and looked at market depth of SIP:

http://cb.iguana2.com/netwealth2/depth/sip

... they would think we were delusional about how well it is going. Holders know, though, that nearly 10m shares were bought today, costing $3.7m, in this company that barely has any institutional funds in it (if any), and only "value" funds as major shareholders. We know that the buying is all mostly done off-screen, so it doesn't matter how market depth looks in buy/sell, because the sell columns are just chomped on and disappear.

Every day looks the same- some kid apprentice broker, maybe, being ordered to just buy SIP all day- I wonder who it is for? When 38c started beingh nibbled on today, I got that familiar feeling about SIP: if a well-heeled buyer is willing to pay 38c for SIP, then I have no intention of selling at that price. These rich buyers know something I don't, and the SIP story didn't end with the dividend, as I thought it would- it's ongoing. As long as thatbuyer is buying all day, I am very happy.

efed, dividends are certainly spoken of- ie in the AFR- they were mentioned as 14% there, but that was when people thought the SP would land at 28c, I think. At 37c currently, I am not sure what a dividend could be- maybe someone is better at maths and can have a go at that ratio for me.

I have noticed that as the trading heats up, sellers seem to be pulling back a bit- very good, and suggestive of a much less desperate overhang demographic. As the trading is so smooth- smoother than I've seen on any share in the ASX, I'm also desirous of keeping, just to see what pans out.

Cheers holders!