GREY:AVGCF - Post by User
Comment by
JonEcashon Jan 06, 2010 8:20pm
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Post# 16647342
RE: RE: House position today
RE: RE: House position todayKnowing the daily house positions is a POWERFUL TOOL if you know which houses control a stock (i.e. are the insiders for instance). In AVR's case Sprott is a big player. I assume they trade through house 73 Cormark (or Sprott on my L2). So, when they were buying I was buying. Today they sold over 500K shares, which made me take some profit in the mid 70's also.
Now, what they sold is obviously a drop in the bucket to what they hold overall, which means it's only a TRADING indicator. You want to hold a longer-term core of this one as they do. Also, as Retiring Young pointed out, there's a diffrence between Sprott Asset Management and Sprott Securities. But based on the volume and block sizes that 73 sold today and yesterday, I would reasonably infer that it is SAM and not some retailers trading through Sprott Securities.
Therefore, I for one appreciate the house positions being posted....
Cheers.
J$