I got a friend to check course of sales in DGX. Euroz has been net selling DGX, and is basically the only seller in DGX. They offloaded 4million shares in DGX in October alone.
The interesting thing here is that Euroz acted as lead manager for cap raise in 2010 whereby DGX raised the shares at 45c. So it seems that those sophisticated investors are selling out at a deep loss.
I am trying to figure out how many they have left. Its hard to know. But interesting nonetheless, hopefully its a case of someone wanting out and taking advantage of liquidity.
I am still holding tight with this one. As soon as this guy is done, it should spike.
DGX Price at posting:
27.3¢ Sentiment: Buy Disclosure: Held