Just remember the volume for those distribution days is just washing the same shares over and over to create the volume and hype to sell into the traders ... If you watch any distribution day on any spec you will see active distribution bots that keep reloading the buyside over and over again until they find no buyers than they just sell into any buyers at that level and so on ... Broker data shows just a mega washing machine while they all sell out ...
Days like today is just real buying and no games which is what you want to see some positions being built without the price getting pushed to fast ..
I think we will see a investor presso (roadshow ) also expecting a JORC soon along with feet on the ground ... I would expect end of April/May to see some bigger volumes and some northbound movement ..
Add to My Watchlist
What is My Watchlist?
