Verde Agritech Ltd T.NPK

Someone at ScotiaCapital just dumped 50,000 shares at market

[15Stanmore]

At 3:20 today an order for the sale of 50,000 shares was entered at market and saw the share price for NPK fall to 77 cents. Looks like someone was hoping for a bigger response to the announcement today, which actually produced very little in the way of trading response.

The trade was through Scotia Capital, which was also the broker that handled the purchase of 50,000 shares last week at an average purchase price of $0.84. Based on these coincidental numbers, my guess is a trader bought 50,000 shares in anticipation of a run up above 90 cents on the "technology announcement", and when it did not happen, dumped them to get out. Net result - a loss of around $3,000.

I am not sure I would treat Verde Agritech as a trading target, given the longer term upward trend that I believe is now well established. Buy on dips is my recommendation, and then hold for the long run. As always, do your own due diligence and decide the merits for yourself.

[Sugoioi]

Thanks Stan, my personal problem with current prices - what are the dips? Any advice? 60 cents and lower, that was my solid purchasing price. Now I continue to add a bit with each paycheque but I have a much harder time deciding what a dip is. Is in the 70's a dip? Is this person dumping a great limited opportunity? I recognize I'm in the minority but I would love a dividend re