Re: I Thought this was great news- why sp drop?
posted on
Oct 23, 2009 02:01PM
Good thoughts Dr. however one has to lean towards the typical trading pattern after news which is the group who sell on news. There are FAR too many shares traded in the $.18-$.24 range to make me think it is unambitious shareholders, this smacks of opportunistic accumulation by the big guys/institutions. If volume was low and shares were sliding, the little retailers bottom is harder to predict because I guess no-one has to buy but there is always someone who has to sell. Lower today than I thought but big blocks traded so that is good. Still Nevada out there with Kinross, another reason to think it is accumulation.
Best regards,