RE:Heavy Trading Today15Stanmore, I'm seeing 363K of volume today. Where did you get the 2 million figure from?
I know I sound like a broken record, but despite interim CEO owning almost 20%, despite the technicals being really good, despite the obvious improvements in the fundamentals, etc., keep your expectations very tepid.
Historically AAB has been a safe, but very boring stock to hold. Retail shareholders have left the company for dead years ago, as they have no faith in management being able to deliver consistent returns that offset operating expenses, and grow NAV year-over-year. Anemic volume, very little reaction to its core holdings has been the name of the game the last 3-4 years. Is that changing? Perhaps it is before our very eyes, who knows?
All I'm saying is don't be quick to discount the level of disdain the (remaining) shareholder base has for Aberdeen. I'm still skeptical that any gradual moves up will be met with signficant selling pressure. Nothing to do the with fundamentals, which are very good, but rather shareholders who are fearful that if they don't take the opportunity to sell at $0.20, they might have to settle for $0.15 in a couple of months. Management needs to execute on the buyback, to clean up some weaker hands and entice those who don't have sell orders to bring them online.
JMHO, of course. Dtraders1, as always, if you have any new events to report regarding technicals the floor is yours...