TRADING PART 3:
It's amazing as I look down at the broker net positions over the past few days, how closely the net positions are to being break even...another indication of the games being played. For example: From Dec 1st-4th
Levesque: Bought 1,319,285 @ $3.62 Sold 1,314,163 @ $3.67
DS: Bought 1,229,767 @ $3.66 Sold 1,211,016 @ $3.63
Latimer: Bought 1,256,200 @ $3.57 Sold 1,275,700 @ $3.57
These houses (and others not listed here) are just creating "noise".....just part of the game being played at the moment. While this noise is going on though, there is some VERY significant buying happening too.
For example House 26 (Commission Direct) HAS BOUGHT OVER 1/2 MILLION shares over the past 4 days and sold a grand total of 11,900. Could they be wrong? Sure they could. But when a house is putting down this kind of big money, I would bet anything that they know far more than the rest of us. This has proven itself out time and time again. Ask yourself this. Would you buy a 1/2 million shares "on a hunch"? Nope. Follow the big money. They do not buy like this without being very sure of the return.
Regards,
Kevin |
