Rio Alto Mining Limited RIOAF

RE: violent SP move

[thebaker]

The jump was a result of hype from the news release. People came down off their high, and started trading sensibly. In my opinion the news was handled poorly. There could have been an earlier release that told of the increased production. It would have made a smoother transition from yesterdays news. The price would have already been higher, and so the likelihood of a big jump that could not be sustained would not have been there.

As for insiders, what I see is most of them selling at the high price, and exercising options. They have maintained there portfolio, but at a lower cost. Makes sense to me.