One entity selling

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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khareema

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One entity selling

posted on May 14, 2009 07:59AM

Upon reviewing the concept that this is one entity selling, I realized that this is very unlikely. There have now been in excess of 11 mill shares traded in the last 2 days. That is approaching 10% of the share float, which I don't think any one entity owns, Unless they were taking a huge amount of stop losses along the way. Actually maybe that was the whole intent, to take out the stop losses. Wouldn't it be something, if someone only dumped in 1-2 mill shares under the anonymous cover, triggered the sale of 9 mill shares from stop losses and was picking them up in several other accounts as they sold.

Whatever they are doing, I got my fill @ .65, so they can reverse their strategy anytime.