Just another update I know the poets out there would prefer a little music and/or a cute little story but I'm more partial to due diligence AND as such I continue to report on institutional ownership. IMO it is usually a good thing to have institutions buying and increasing the percentage of shares in their collective hands. Likewise, a slowly decreasing percentage of shares is usually a bad omen.
Here is a summary of what has taken place with regard to institutional ownership of SGF (this is over the last 5-6 months):
Mid Feb 2012----percentage of institutional ownership is at 7%
Mid Apr 2012----percentage of institutional ownership slips to 5.05%
10th of May------percentage of institutional ownership slips to 4.97%
31st of May-------percentage of institutional ownership increases back to just over 5%
Currently (June 11)---percentage of institutional ownership slips to 4.12%
This recent 1 percent drop happened because the Canada Pension Plan Investment Board SOLD 2.21 million shares!! They have been a long time holder and they currently have ZERO shares.
I guess the good news is pretty soon there won't be any institutional holders and the pressure on our beloved flower's special will be diminished LMAO.
There isn't much we can use to objectively use to evaluate the direction of Shore. I happen to believe tracking institutional ownership, EIS happenings, and insider activities is ALL we got and thus VERY important.
B's Uncle might be right. The sp could be going lower.
GLTA
Pickinbottles
PS. If you want to check these #'s out for yourself you can use the link I provided in earlier posts on the subject OR you can go to the Financial Times website and surf around until you find it.
If you want the link but cannot find my earlier posts just inbox me. I'll be glad to provide it.