Some of you are trying to make it sound like it's not a good sign that BNP have accumulated somewhere towards 60 million shares, with ongoing algo trading..
It is not a massive amount of holders buying small amounts, it is consistent algo trading.
It is a great sign that they are taking such a big stake, however many might be behind the holding (I have no doubt certain HC posters).. but it is disastrous for long term holders how they have been doing the accumulating.
Mods.. holder lists prove their algo trading.
They are buying several million per month, while throwing away half of them- in my opinion, to keep lowering the price.
This has gone on for a year now, we just keep thinking they will turn it around soon and must be accumulating such massive amounts because of what's to come. Lately there has actually been some 10,000 trades to bump the price up, compared to months of tiny trades just to bump it down. Hopefully things will turn asap.
BNP are heavily affiliated with Westpac.. just saying.
We also have the financial planner who loaded up in his own name prior to Xmas, along with someone who works for Symantec.
Recently there are quite a few 1m+ buys going through.. Hopefully a list soon will show who is buying.
Don't be fooled by the fake 2m order stacked safely at the back of 1.7 again today.. it never sells, just keeps pushing the price down and scaring out sellers. It's been stacked safely at 2.4 after recent news, moved to 2.5 as soon as buyers touched 2.4, then followed the price down since.
It looks to definitely be helping accumulating in my opinion. After the big buy that linewiped 1.8 in the last fortnight, it stayed away, reappearing today when 1.6 was sold in to.
Fair enough, it's an ongoing joke nor being able to deliver anything significant.. but we are constantly told nothing has gone backwards and things ARE progressing, just slower than imagined..
It (share price) looks horrendous currently, as it did before veritas news and other things that have since pushed it back in to the 3's.
Just don't be surprised if it spikes again very soon.. the suss trading and buying lately, must be for good reason.
..and if they do ever finally show us a big 4 bank with that multi million revenue.... well, if veritas affiliation and visa news with no $ sees it spike above 3c.. think about what a $2m bank deal might do, and if the share price is being heavily manipulated/accumulated, why might that be?..
Anyway, until then, we suffer.
Those constantly whingeing on HC should just take the loss and move on, rather than spending their lives on the nor thread.
Ps. Still much better than zip.
