RE: This trading is very strange
There are always strange things done by the men who moil for gold. The strangest I ever did see was the 2,350,750 shares that traded July 7. All else is peanuts.
There has been a long winding down from the $3.50 days, small trades some quiet accumulation. To my mind we have reached the wall of fear and are ready to climb it. Those abandoned without guidance, who never really had a handle on the stock other than that it was recomended, note the few pennies rise and that in effect we are up 30% in the very short run and in the result sell in fear. Keep a small wall a few pennies out and shake. However, the greatest evidence of fear is in those that know the stock is poised to REALLY break out and don"t want to be left out of the chance to accumulate a few more. God Bless the Wall of Worry We can lament the lack of news all we like, but on occasion no news is good news as we know news has to come and the odds are good that it is favourable.
Look at colibre , CBI, today, the market was smelling the news for weeks and when it came BANG.
And so take a whiff of the current trading spoor.
Such is my Big Bang Theory.
Cheers, hawk