"Institutions have accumulated 1M shares in the last 3 months"
This is the summary as of Jan 7, 2009:
|
% Shares Owned:
|
19.54%
|
# New Positions:
|
2
|
|
# of Holders:
|
6
|
# Closed Positions:
|
2
|
|
Total Shares Held:
|
25,372,126
|
# Increased Positions:
|
3
|
|
3 Mo. Net Change:
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11,538,182
|
# Reduced Positions:
|
3
|
| |
|
# Net Buyers:
|
0
|
The summary as of today:
|
% Shares Owned:
|
23.94%
|
# New Positions:
|
1
|
|
# of Holders:
|
9
|
# Closed Positions:
|
0
|
|
Total Shares Held:
|
36,805,000
|
# Increased Positions:
|
2
|
|
3 Mo. Net Change:
|
1,000,000
|
# Reduced Positions:
|
0
|
| |
|
# Net Buyers:
|
2
|
From the figures provided by Reuters, in the last 6 months, institutions have accumulated over 11 million shares. I really doubt these numbers because in the last 2 months, I believe I’ve seen at least 3 updates on their site with net changes 6m, 6.625m and 1m respectively (Most volumns occurred in May onwards with sp $0.50-0.80). That means at least 13 million shares got transferred to institutions in the last 2 months.
Even though these numbers don’t add up, one thing for sure is that big guys have been buying, quietly. So people still want to sell now and get in cheaper later? That amuses me.
5 more days in my calendar. Then a big POP!
