Noranda Income Fund Unit T.NIF.UN

RE:Volume Today

[Northforce13]

The big seller, with Morgan Stanely as a broker, had been selling shares for months, often representing over half of the daily trading volume.  That was placing massive downward pressure  on the share price.

It might well be Bloom that sold out.  Based on their comments at one of the recent conference call, they didn't strike me as very sharp, so it wouldn't be surprising to see them sell out at/near the bottom ;-)

If that seller is gone, the share price should rise steadily, driven up by the obvious value, while not rising too quickly as some people sell concerned that it will drop all the way back down. 

Typical market stuff

GLTA