Good to see yesterday afternoon's trading action. There is definitely someone in accumulation mode & not willing to wait. They purchased about 700k from 7.9 - 8.1c & most probably are the buyers of 200k @ 7.9c. It would not surprise me if the PHANTOM has decided that it is time to re-enter the stock. If yes, he has very deep pockets & could easily buy another few million shares. TIME will tell ! It will very easy to tell if the Phantom has re-emerged by watching the interesting buy and sell orders ! i would be surprised if it will take more than another 5 million shares to get back in to the 9s. The rise will accelerate if we manage to get a close above the 8.4-8.5c level. It would be nice to be back at the 10c+ level before news from the FDA.
BTW, I believe the ongoing selling that we have seen in the last few months has been Triton exiting their position. They had been selling approx 2 million shares per month and as of two weeks ago they were down to 2.5 mill shares. By now, they are either out completely or have less than one million shares remaining.
SE1 Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held
