Post by
gibbonsj on Feb 10, 2022 1:39pm
when you consider who has been doing the bulk of the buying?
That being institutions, for example in a short period of a few months one has acquired 2 million shares and another a million. That represents a considerable percentage of the total number of shares purchased during that time frame Considering daily volumes range from 14k to 40K on an active day including a large number of knockdown trades it's not a big leap to think that the institutions who have been buying are also the ones knocking share price down. The question to contemplate is in the face of falling share price why are the institutions buying as they have been. The answer of course is this company has a very bright future.
Comment by
ValueRider on Feb 10, 2022 3:01pm
Could not agree more. In fact, I'm quite pleased they continue to hammer it down, because my bonus should be in my account any day now lol. I'm definitely adding more shares.
Comment by
besttobe on Feb 10, 2022 4:35pm
Boy...with all these institutions knocking the price down all the time, hope more don't buy or the stock could go to zero. When current institutions start selling the stock should go through the roof!! Life according to Gibbons