for Sudbury or anyone who understands this or works with Institutions.

The more we understand Institutional investing the better our buying decisions will be. I'm still a little confused with a few points.

1) Edgy may have a point with disappointment dumping from Windfall -but the results the same -institutions buying.

2) If Institutions sold following news to take profit then they jump to flow through financing for Tax deduction. Is that a Canadian thing? And how do they take tax deductions to write off the gains they made, after they already sold?

3) If we are crrently now in a 4 month holding period, is it because they bought flow through financing? Despite all news relatively low volume - so they are stuck with the shares they own? is this right.

4) then as price has been falling, Institutions are preping for buying again. Shouldn't this start happing prior to next good news? If that were Dec 1st for FWR then shouldnt' accumulation (volume) start picking up now? For Not, if Dec 1st were good news for NOT, it would pick up soon.

5) how do they know good news is on it's way?

6) on FWR side you wrote: "FWR appears to be dealing with only Cliffs and not the institutions. It must burn them up that there will be all this money to be made and they can't get a piece of it. Well, they can, but they would have to buy off the open market the same as retail." Won't they make money if they bought flow through shares? Excuse my sleep-deprived brain, what key point did I get wrong here? Or are you just saying that their money is stuck in flow through shares and they can't do a quick buy and sell.

7) one last point, it seems like institutions make retailers lots of money for driving price up on accumulation, or is it the retailers who drove the price up?

-SG