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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?


To: Rick the Vet who wrote (23718)7/27/1999 4:01:00 PM
From: Shaw  Read Replies (2) | Respond to of 26850
 
Rick,

True, they are the largest net sellers on a big rally but.... for whom??? Their trading desk??? I don't think so. They, from March to July 1 were down over 2.1 million shares. Sounds like non-reporting insiders/big holders doing some selling into those rallies??? A house CC's size can't carry a 2.1 million share short on their books for months and never cover!

IMO, this month they are more than likely down $$$ because they have stepped in over the last two days and have been net buyers in the 2.90's (end of month scrambling?). Up until last week they were pretty flat in volume but their mean sells were at a lower price than their mean buys. Unless they have some "magic" trading theory where they can buy high and sell low and make a profit they are down this month like the rest of us.

Regards,

Dean