GREY:CRIUF - Post by User
Post by
Sukhi19on Dec 30, 2017 11:29pm
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Post# 27253337
SELLING PRESSURE
SELLING PRESSUREThere has been consistent selling by ANON and #79.
It seems that somebody has been off-loading unlocked units.
The selling trend also raises suspicions of manipulation as units are sold 100 at a time. It is not hard to manipulate the unit price as volume is very low. Recovery from $7.90 and volume trend indicates that there are buyers. Somebody from TD has been buying aggressively.
Solar and legal resreves are also acting as dampners.
Oil has rallied off late and move in to that sector is also a reason as investors do not see the unit price doing much.
I also find the business model somewhat flawed as we have seen from JE story.
I was hoping that solar may generate some revenues to offset the weather related negativity but it seems that the solar operations are still struggling.
Only thing which is in favor of this trust is the management which is young and innovative.
Regular distr raises do prove that they have been navigating the ship skillfully.
Watching carefully. Hopefully there should be some clarity on earnings by second week when they announce the distr for next qtr.
Insitutions' participation at $9.80 does provide some solace.