GREY:SGGDF - Post by User
Comment by
blueblizzyon Jun 23, 2007 3:05pm
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Post# 12989244
RE: INSIDER SELLING!!!!!!!
RE: INSIDER SELLING!!!!!!!Anglo is very likely the "anonymous" seller in the days after the news release. I would be a bit more concerned if actual management were to sell now in large quantities.
Keep in mind that some insiders time their disclosure of activities per their stock trading tactics. Anglo *may* have released these transactions now for the following reasons:
1. Instill panic to drive the share price even lower to accumulate more shares for next week. Didn't someone on this board (or the agoracom board?) say that the next set of drill results could come in two weeks? Perfect timing for some accumulation. I would keep my eyes on anonymous or other institutions on the buying side next week.
2. This is simply just profit taking.