Noranda Income Fund Unit T.NIF.UN

Volume Today

[Finalsay]

Some odd price action this morning with some pretty good volumes driving the price up almost 13%. Typically purchases of this type of volume are sitting and waiting around 1.10, and thats where we have had a ton of accumulation. Makes me think this was likely a new buyer not familiar with the last few months' price action. Hard to have much confidence in this jump and I would find it more probable to see the share price move back into the same price range in the near future. Price jump is likely to be more of an anomaly and could be a good short-term trading opportunity. I hope I'm wrong and these purchases are just the start of some smart money moving in. If prices rise high enough and sentiment changes enough we could see those orders sitting at the bottom of the trading range try and jump in and get some more shares before this inevitably takes off.