One solution to a low share price
posted on
Dec 01, 2011 08:50PM
Strong hands! There are sites like Targeted.ca that for a fee will provide up to date share ownership info. Not sure how up to date it would be and they only list those who are required to report. Regardless, at some point the number of shares offered for sale will dwindle and/or be offered at a much higher price than today due to selling by weak hands. Not sure how many shares are in weak hands at this moment.
I would like to believe that we are seeing an accumulation at this time. Only when that inflection point occurs will we experience the rise that will take us out of the 9-12 range. Tax loss selling may be over for the institutions but the retail investor is unpredictable.
Does anyone have an educated guess on the number of shares in strong hands? Baires?
My interpretation of a strong hand in this case is one who is in for the long haul (to the mine development).