GREY:JNRRF - Post by User
Comment by
BlindBoyon Mar 24, 2004 2:11pm
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Post# 7259406
RE: BlindBoy
RE: BlindBoyhi chatty - the recent trading seems like accumulation to me.
I had thought that pre-sells of the PP would contribute to a considerably more market weakness than has actually transpired, but this has not happened.
So "they" (whoever they might be) swallowed the 3.7 million shares, and the PP participants have probably been pre-selling part of their allotments into the market at 4-5 cents above the placement price.
Who's been doing all the buying? I don't know, but they seem pretty motivated.
Very positive trading.
Good luck chatty. You must be feeling pretty good, owning "real" shares, as opposed to max's "monopoly money" shares