This is the kind of positive information I like to see. Your interpretation is ...?
Here is mine ...
As for Dominick (-54,500 in March, average price $2.02) one must recognize that Dominick has been trading the stock for at least the last year or so (at all price levels). This looks like profit-taking to me. The Dominick house position was +45700 in January, average price $1.73. If its the same trader(s), that's something in the order of a 16.7% return in 2 months - others trade for pennies (as Fixer as previously stated).
Instead of looking at the last 2 weeks of trading, ask your broker what these numbers mean (Feb 97-Mar 18, 1998):
Midland: +1.35 million
DS: +850,000 million
This does not reflect the 'significant position' that these houses held prior to Feb 97.
In March, (slight difference from your numbers, as of close yesterday), 03/01/98 - 03/18/98: DS (+41,800), ScotiaMcleod (+19,600), Midland (+18,885), Canaccord (+17,300), CT International (+13,500), GreenLine (+12,200), McDermid (+10,870), Nesbitt (+8975). Given the houses that are buying, any broker in the know could only come to one conclusion - buy, accumulate or at least hold! The fact that DS and Midland are accumulating in March (news pending) is a very positive indicator that what ever the news or whenever its available - I doubt it will be negative!
Just one shareholders opinion!
DRT |
