We know that pros have really just started accumulating. So what you think as haphazard, I assure you is calculated.
PFT is a largely illiquid stock, with only 20m shares of the 49m float available for trade, (as the top 20 own 29m shares). When that is the case, accumulation has to occur slowly and deliberately in order to stop the stock price flying. There's only 10,000 or less shares available at each price line at any given time. If a pro wants to get 250,000 shares at $1.20 or lower, they need to meticulously control their buying. When I say a pro, I mean a pro's computer too. The buy sizes are done by computer algo, not by blokes clicking buttons.
The price is not flying on purpose.
Look at the data from Wed-this monday passed.. it's beautiful.. Pros at the top, and the fish at the bottom. As retail exit, and pros enter, the price will consolidate until it's allowed to run, or until an announcement (like daly into Woolworths, or Alibaba/Redmart deal) gives them the signal now is the time to run.
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