RE:RE:Insiders buying yesterdayInteresting timing for certain on the FCMI purchases. Considering they are a 10%+ shareholder I take this as a pretty large vote of confidence.
With the closing of BMG, I wonder if some of the strong downward pressure over the past several days was from the BMG shareholders selling some GSV off once the shares were issued to them? I found it very interesting that these "on sale" priced shares were rapidly gobbled up, mainly by CIBC, and the shares closed two days ago almost unchanged. The buyer behind a lot of the CIBC buying and selling is a great trader IMO. There are also algos all over this company, it is fascinating to watch, especially the last few minutes of the day or the first few minutes. GSV is a very attractive company with very low percentage (15) of free trading shares, hence the large price swings and trading opportunities.
I bought another 2200 GSV yesterday at $2.48, and feel today is going to be a very intense day with the Index rebalancing finalizing. I have no idea where things are going end up, but have some popcorn cause it is going to be entertaining........