Thoughts on UBS
posted on
May 28, 2014 06:59AM
Focusing on the Dallol Potash Project in Ethiopia
I am not a trader but I am a student of humans .
UBS has been selling almost daily since March. Usually first thing in the morning and always hits the bid. Usually it's always at the low of the day. The buyers have been many different houses and never crosses.
My theory is it's a large holder who has instructed his broker to sell his position slowly so as not to tank the price. The broker isn't concerned about the price he gets because he gets paid regardless.
It could be one of the Nova shareholders taking his profit. They have sold 797,000 shares in May and 516,500 in April.
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Broker Positions for C:AAA Broker #15 from 20140331 to 20140428 |
DateBought$ValAveSold$ValAveNetPosition$Net$Position
20140331 | 0 | 75,000 | 32,250 | 0.43 | -75,000 | -75,000 | 32,250 | 32,250 | |
20140401 | 0 | 24,500 | 10,412 | 0.425 | -24,500 | -99,500 | 10,412 | 42,662 | |
20140407 | 0 | 50,000 | 20,750 | 0.415 | -50,000 | -149,500 | 20,750 | 63,412 | |
20140408 | 0 | 7,500 | 3,075 | 0.41 | -7,500 | -157,000 | 3,075 | 66,487 | |
20140410 | 0 | 31,000 | 12,553 | 0.405 | -31,000 | -188,000 | 12,553 | 79,040 | |
20140414 | 0 | 21,000 | 8,085 | 0.385 | -21,000 | -209,000 | 8,085 | 87,125 | |
20140415 | 0 | 50,500 | 19,307 | 0.382 | -50,500 | -259,500 | 19,307 | 106,432 | |
20140416 | 0 | 78,000 | 28,238 | 0.362 | -78,000 | -337,500 | 28,238 | 134,670 | |
20140417 | 0 | 50,000 | 18,249 | 0.365 | -50,000 | -387,500 | 18,249 | 152,919 | |
20140422 | 0 | 35,000 | 13,103 | 0.374 | -35,000 | -422,500 | 13,103 | 166,022 | |
20140423 | 0 | 45,000 | 16,891 | 0.375 | -45,000 | -467,500 | 16,891 | 182,913 | |
20140424 | 0 | 25,000 | 9,375 | 0.375 | -25,000 | -492,500 | 9,375 | 192,288 | |
20140428 | 0 | 24,000 | 8,880 | 0.37 | -24,000 | -516,500 | 8,880 | 201,168 | |
TOTAL | 0 | 516,500 | 201,168 | 0.389 | -516,500 | 201,168 |
Broker Positions for C:AAA Broker #15 from 20140429 to 20140528 |
DateBought$ValAveSold$ValAveNetPosition$Net$Position
20140429 | 0 | 75,000 | 27,000 | 0.36 | -75,000 | -75,000 | 27,000 | 27,000 | ||
20140430 | 10,000 | 3,500 | 0.35 | 38,500 | 13,362 | 0.347 | -28,500 | -103,500 | 9,862 | 36,862 |
20140502 | 0 | 50,000 | 17,000 | 0.34 | -50,000 | -153,500 | 17,000 | 53,862 | ||
20140505 | 0 | 84,500 | 31,712 | 0.375 | -84,500 | -238,000 | 31,712 | 85,574 | ||
20140506 | 0 | 21,500 | 7,944 | 0.369 | -21,500 | -259,500 | 7,944 | 93,518 | ||
20140507 | 0 | 32,000 | 11,360 | 0.355 | -32,000 | -291,500 | 11,360 | 104,878 | ||
20140508 | 0 | 47,000 | 16,685 | 0.355 | -47,000 | -338,500 | 16,685 | 121,563 | ||
20140512 | 0 | 20,500 | 7,482 | 0.365 | -20,500 | -359,000 | 7,482 | 129,045 | ||
20140513 | 0 | 75,000 | 27,251 | 0.363 | -75,000 | -434,000 | 27,251 | 156,296 | ||
20140514 | 0 | 39,500 | 14,032 | 0.355 | -39,500 | -473,500 | 14,032 | 170,328 | ||
20140515 | 0 | 50,000 | 18,500 | 0.37 | -50,000 | -523,500 | 18,500 | 188,828 | ||
20140516 | 0 | 44,000 | 16,058 | 0.365 | -44,000 | -567,500 | 16,058 | 204,886 | ||
20140520 | 0 | 96,500 | 35,889 | 0.372 | -96,500 | -664,000 | 35,889 | 240,775 | ||
20140521 | 0 | 25,000 | 9,500 | 0.38 | -25,000 | -689,000 | 9,500 | 250,275 | ||
20140522 | 0 | 25,000 | 9,625 | 0.385 | -25,000 | -714,000 | 9,625 | 259,900 | ||
20140526 | 0 | 50,000 | 18,875 | 0.378 | -50,000 | -764,000 | 18,875 | 278,775 | ||
20140527 | 0 | 23,000 | 8,514 | 0.37 | -23,000 | -787,000 | 8,514 | 287,289 | ||
TOTAL | 10,000 | 3,500 | 0.35 | 797,000 | 290,789 | 0.365 | -787,000 | 287,289 |