You may have seen my posts earlier today. Man, I have watched daily stock trading many times but this one was spooky. It was so consistent how it climbed. No significant jumps at any time, just a steady 1 and 2 cent increase every ten minutes or so.
Kinda looked like someone or a few people were accumulating slowly, not trying to put too much demand at one time, afraid the price would jump too quickly.
Anyway, after seeing the trading summary at about noon, there didn't seem to be one or two houses with most of the volume so it kinda blows that theory out of the water. The only consistency is Yorkton is still a net seller. Come to think of it, maybe it's that one or two houses, Yorkton included, is actually keeping the price down by selling...maybe that's the reason for the consistency in pricing today...hmmm...that probably makes more sense. Ofcourse, if that's the case, how long can they continue to do that?
The only info I can publish which I am quite certain about is that there was more than just retail buying today. There were definitely blocks of 20000 and 25000 being bought. Didn't always happen in a block but you could see some were @ market, buying retail sellers 3000, 2000 at a time, 6 or 7 of these purchases simultaneously.
Just my opinion.
Sili |
