Hi All!I’m getting off early for an entire weekend of R & R for a change so I am getting this out early.Have a great weekend everyone!Here’s what the smart money has been up to:
Increased Positions in NOT this week
Dundee +188,300
Haywood +138,200
Wellington +114,000
GMP +100,000
Jitney +14,500
MacQuarie +15,000
Blackmont +10,000
ITG +7,600
Penson +2,000
Reduced Positions in NOT this week
Anonymous –362,100
Clarus –200,000
Raymond James –98,700
Canaccord –16,100
Research Cap –3,300
Retail managed to actually increase their holdings again this week while institutions reduced theirs by 90,600. Institutions have increased their combined holdings by 2,303,023 shares since August 17th.All institutions that I track remain in a net positive position since Aug 17th except for Canaccord, Raymond James, Jitney and Research Cap.
Increased positions in FWR this week
Anonymous +1,948,500
MacQuarie +400,000
T. Weisel +150,000
Research Cap +115,000
GMP +100,000
Canaccord +71,600
Raymond James +42,000
Blackmont +28,000
Reduced Positions in FWR this week
Haywood –585,571
Jitney –235,500
Dundee –17,500
UBS –12,000
Institutions are continuing to accumulate and have increased their holdings by 2,004,529 in the past week and by 5,155,478 since Oct 5th.A lot of shares are being purchased discretely under the cover of Anon.Retail are handing over their shares by the millions. Although it is considered a positive thing in the business world to have institutional buyers, it can also be a double edged sword that usually ends up in the back of the retail investors (speaking from experience).