GREY:JNRRF - Post by User
Comment by
st0ckpickeron Oct 16, 2004 10:52pm
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Post# 8057200
RE: Junior Uranium Index
RE: Junior Uranium IndexI have heard and seen the same although I wouldn't say it is a regular occurance. In the exploration world it happens a bit though. What I think is happening is that insiders are getting the information and buying based on what they have seen. Then they tell some friends and they buy. It could happen when they pull a core up. Could be after a look-see in the core shack. Maybe a lab technician (I think these folks are not supposed to know the particulars about whos core and where it came from) working with the cores. It could even be fund buying tipped by a high level company insider as repayment for favors in financing. All these things would manifest as unusual buying. Say you were one of the folks who witnessed JNR's 20% core on site. I would bet the folks with this information would go to the market and pay whatever the current price is with a smile. The smarter inside folks will control their buying better but will probably be buying larger quantities and affecting the markets by volume.
I would be interested to hear other theories.