Interesting dayI was busy today so could not participate in all the celebrations. Kind of looks like a masterful shake out took place if you ask me. Lots of day traders hit the exit today. In my opinion all the buying that took place starting with Cormark on Monday and then the daily insider buying assumed to be Pinetree at 52 weeks highs had nothing do with prior knowledge of the solar sale. But I think a few day traders thought that this was why the heavy buying took place this week. OPEL was the second highest insider buying again today on the Venture. Why is this man continuing to buy such a huge position? Between common shares and warrants he is now approaching 15 million shares. 50k shares of warrants were exercised last week and another 50k this week.
I believe that Sheldon has good information and appears to want to continue accumulating this stock. I think more people are becoming aware of the significance of this technology and I think that shares are moving into stronger hands. New buyers are learning about this company. This biggest seller this week was Brant and they are good at taking profits but once again like last year they are a little quick to sell their position and will robably be on the buy side very soon if history repeats.
This is what Brant did this week. Their biggest volume day of selling was Tuesday but it was also their lowest return in price. Running out of shares to sell? Last year they did a lot of selling in March and had to reduce their selling dramatically in April during the highest price period. By May they were buying at a higher price than what they were selling for in April. They still made lots of money but the trend below is suggesting they really don’t have an interest in continuing to sell at today’s price.
|
Broker Positions for C:OPL Broker #71 from 20121210 to 20121214
|
|
Date
|
Bought
|
$Val
|
Ave
|
Sold
|
$Val
|
Ave
|
Net
|
Position
|
$Net
|
$Position
|
|
20121210
|
23,000
|
13,010
|
0.566
|
0
|
|
23,000
|
23,000
|
-13,010
|
-13,010
|
|
20121211
|
3,000
|
1,830
|
0.61
|
284,000
|
187,970
|
0.662
|
-281,000
|
-258,000
|
186,140
|
173,130
|
|
20121212
|
0
|
|
145,500
|
105,140
|
0.723
|
-145,500
|
-403,500
|
105,140
|
278,270
|
|
20121213
|
47,500
|
32,875
|
0.692
|
162,500
|
111,505
|
0.686
|
-115,000
|
-518,500
|
78,630
|
356,900
|
|
20121214
|
46,000
|
30,950
|
0.673
|
58,500
|
38,810
|
0.663
|
-12,500
|
-531,000
|
7,860
|
364,760
|
|
TOTAL
|
119,500
|
78,665
|
0.658
|
650,500
|
443,425
|
0.682
|
|
-531,000
|
|
364,760
|
Apart from all the due diligence that has been provided on this forum and the continued indications that there is a need for new technology the buying by Sheldon Inwentash has to be a clear indication of POET’s future value. He must surely believe that there is going to be a big demand for his shares at a higher price. You really have to marvel at his confidence level in the liquidity of this stock.