Trading Pattern
posted on
Feb 02, 2009 07:27AM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
Frequent visitor but first time posting. For starters I am 100% behind TDC.
I have noticed that at the end of the day there is sometimes a last minute purchase to bring the share price back from a potential loss for the day. There can be many reasons for this. One of many is in the hope to start a much needed rally in share price. I believe that we are encouraging the weak hands to hold out for a higher price.
I would like to see a lower price in the next while (no additional financing necessary in the short-term) to shake out those who are needing to sell at any cost. The shares will transfer to our hands fairly quickly and provide a strong base from which to rise when the POG goes higher. Thus, we are in effect propping up the shares just like the US is trying to do with housing and it will not work until the weak hands have let go and there is true demand at a lower price.
I know this goes against all rational thought but would it not be nice to have a lower ACB and take out all those weak hands in our way as the stock rises to it's true value.
There is no rush to buy.
Woodstock