TSXV:RHT.H - Post by User
Comment by
sicilian2on Sep 12, 2017 12:17pm
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Post# 26685188
RE:Velocity
RE:VelocityNews should be coming shortly maybe that's why the move up today. Charts suggest accumulation occurring.
theinvestor22 wrote: No, I'm not taking about speed and direction, but rather the brokerage named Velocity that has purchased 650.5k shares for client(s) during the past 4 trading sessions. According to its website, Velocity..."specializes in institutional order flow and optimizes technology and its global footprint to provide competitive wholesale pricing to clients."
So, it seems institutions are buying.
Like I said earlier, I think those willing to sell their shares at this level are basically selling them at a very deep discount (10 to 15 cents on the dollar, perhaps).
Ok, just my opinion, but I dont usually make these kinds of posts, mostly because there's very little out there that isn't overpriced.