Smart money having a field day

The smart money has accumulated a huge amount of this stock over the last couple of weeks. By slowly buying and selling the smart money has encouraged holders to sell lower into perceived weakness. Whenever buying interest has increased the smart money has popped up on the sell side to create uncertainty and ensure price does not increase dramatically. This pattern of steady accumulation and off setting sales has been executed with aplomb.   

Given that PSF has not been shorted since 4/12/2015 you have to ask where are the sales coming from? These sales have maintained a tight equilibrium allowing the fast money to keep accumulating.

The presence of Wyckoff springs on the daily chart on 11 and 18 April also provides clear evidence of institutional accumulation.

Looking forward to the the smart money releasing their grip on this stock.   

Here is the short report from Shortman.com

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6
0	Date	Gross shorts 1	Issued capital	% Capital shorted 2	Trade volume 3	Shorts as % of volume
1	Fri 4th Dec, 2015	100,000	656,776,880	0.01%	859,211	11.64%
2	Fri 21st Nov, 2014	30,000	546,776,880	0.00%	1,340,000	2.24%