CLL trading volume at Canadian exchanges (TSX and Alpha) hit a record high.
Total of 18.68 million shares change hands (3.91 at TSX and 14.77 million on Alpha Exchange).
No offence to some posters but suggestion that this stock is being accumulated is totally insane. As you can see on the Daily Charts below since Aug 31 we have CLL in the distribution pattern not an the accumulation.
We had about 2 weeks accumulation starting on Aug 12 when Eric Nutall purchased 10 million shares in mid 70 cents range without doing his homework (see chart below). He never sold it maybe until today. Look at the daily volumes.
The good news is that tomorrow (Friday Sep 17) after the market closed fund managers who were forced to sell CLL share due to Small Cup index reshuffle or trigger their stop losses are all done with selling.
On Hourly Chart last 30 minutes of trading today (Thursday Sep15) showed positive trading pattern . More then 2 million shares were bought at asking price as oppose to sold at bid price.
This may be an indication of the short or mid term bottom. Hopefully.
GLTA, Jurek
![](http://img600.imageshack.us/img600/7149/cllchart.png)