RE: Article- Investor's Digest - April 23Interesting trading. National Bank was active on the buy side and a major reason the stock rose from the low of the day ($3.75) into the $4 range. Suddenly, at 3:47 p.m. National was on the sell side but it only sold about 700 shares at this time, 500 or so at $3.95. It then jumps to the buy side to close out the day by purchasing 10,900 shares at $4. You'll recall that National has come out with a buy recommendation with a slow growth one year target of $4.50 and a high growth target of $8.50. For the most part National was putting its, or its clients monies, behind its recommendation. I don't have the totals. Can someone provide the net buying and selling? The "careful someone is dumping" comment can just as convincingly be "alert someone is accumulating." At the end of the day, as the closing price indicates, buying and selling was balanced.
Despite some weakening over the last few days the price and amount of buying is solid and clearly is based on anticipation of RailPower getting orders. If, as I suspect, National was a big buyer today, I'm content for now.