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Accumulation continues - positive week(s) ahead

  1. 1,245 Posts.
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    IMO. I have been watching the daily trading the past few weeks.

    Still looking well set up for the next stage of the run, however someone seems to be holding it back. Up in the morning then down on/before close. Looks like classic accumulation going on.

    With the big sell order taken out at midday on Friday the sell side now seems to have weakened a bit. Perhaps that seller has been slowly getting out and that was the final trade? Pure speculation.

    However, on my wish list is news, news, news. From the Company, Qld Gov, China JV and new Shareholder notice. I'd love to see some small cap funds jump on board. Say Paradice or Acorn with a +5% notice?

    But just on spec. I wouldn't necessarily expect things to really start moving until after the oppies expire. No new holder will want their holding diluted. The company mat think otherwise - so anything might happen in the next week or two.
 
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