The recent retracement was because of House 1 (Anynymous) and 33 (Canaccord) unloaded a total of 1.4 million shares from July 15th to July 24th. House 1 purchased almost equal amount of shares in May - July 14 and absorbed 1 million shares unloaded by RBC. It is nothing wrong to take 100% profit in 3-month period.
The balance sheet shows profit taking is nearly done and some 200K shares at a higher price is left. This sets up a nice condition in the event of rally by weeding out potential sellers earlier.
| House 1 Anonymous |
Bought |
|
Sold |
|
| May |
366,000 |
$0.15 |
10,375 |
$0.20 |
| June |
677,000 |
$0.17 |
120,000 |
$0.22 |
| July 1-14 |
262,500 |
$0.21 |
21,000 |
$0.25 |
| July 15-24 |
322,500 |
$0.34 |
1,101,000 |
$0.33 |
