BAL bellamy's australia limited

What Exactly is Driving the SP?, page-3

  1. 907 Posts.
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    2,000 plus subscribers to an advisory service piling in since early March - you can see the effect on the chart.

    I can't think of any other reason for the action over the past 6 weeks.
    Lets say that has increased volume by about 7 million shares over the past 6 weeks.

    Average daily volume for BAL has been 300,000.

    Assuming each subscriber purchases $10K?? (current buyers and volume suggests an average purchase of $11K) - rough estimate looking at the chart.

    I calculate that about 230,000 of the daily volume over the past 6 weeks could be accounted for by the subscribers, who have been given no price limit - just 'buy'

    Sorry - said to my source that I would not reveal who the service was!

    This of course may be incorrect, but I can't think of another reason.
 
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