Re: I guess we all should agree on this point?
posted on
Jun 02, 2015 04:43AM
The fact that over 2 million shares traded here today and little or no sp change indicates that a lot of positioning is taking place and retailers had very little to do with it. That to me is a very good sign. It's not who is selling but who is buying and holding the sp steady is of more interest to me.
People sell for many reasons (e.g Pinetree) that has nothing to do with POET and how good an investment that company is. But you can be sure that nobody is buying POET at $1.43 to sell it at $1.30 or any price that doesn't turn a profit.
That 2.193 million shares purchased today with no price change is a great indication that some people have a lot of confidence (and perhaps a little more knowledge than us ) of where the share price is going.
Yes, I like that volume today and I liked that big cross and also I'd like to know who was behind it.