Funny this didn't hit me before, but I think we may be seeing some institutional buying already. Anyone else notice the buying that Nesbitt has been doing? I've often noticed their buying through the day but never got around to actually taking a closer look. Well I just took that closer look. Since the beginning of this month...a total of 12 trading days...Nesbitt is now up just a hair away of 400,000 shares. They've been a net buyer every single one of these days this month.
I don't think this is retail, and if it is in fact the beginning of institutional buying, odds are they'll want a whole lot more than just this.
The other thought that I think bodes extremely well for JDX is that I'm pretty sure Georgia is almost out of shares.
Yesterday's volume was 302,000, with Georgia selling 176,000 shares.
Today's volume was 310,000 shares, with Georgia only selling 54,700!
The volume was certainly there today for them to be selling more....but they didn't. If in fact they are almost done (as it appears), it opens up a very large upside potential for JDX's share price.
So, the possibility of some institutional demand coming into play, the possibility of Georgia running out of shares, and a good broad base of buying coming in on good volume. Hmmmm, I wonder what what kind of effect these factors might have on JDX's future share price. <GGG!>
Regards,
Kevin |
