SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : NEVSUN

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Helmut who wrote (52)9/6/1997 9:13:00 AM
From: Thomas J. Benthall   of 205
 
Helmut,

There are all kinds of reasons for someone selling. Everything from needing money for other opportunities to an expensive wife perhaps. There's only one reason that I can think for buying and that's to make a profit. And somebody is planning on making a future profit with the 770K shs.

Most likely the shares of a lot of little guys were included in this block. But mainly it was from an insider (s ). This was a deal that was made off the floor.

I normally put emphasis on the action of the volume along with insider buying.
I read the tape closely to try and get some sense of the supply and demand.
The action yesterday tells me the supply was fairly well absorbed especially when a natural reaction was to be expected. I could see signs of insider buying elsewhere throughout the day. This is the action I was mostly concerned with. So, I am still confident.

Unless there is something going on that I don't know about, NSU is too good of a buy to be dumping. That's why I bought my shares a few weeks ago. And will probablly buy more.

We're gonna be alright.

Thomas
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext