Aren’t we seeing the opposite of ‘accumulation’? (Distribution)
i.e. Steady supply of shares from a single large holder (or small group of large holders), being progressively gobbled up by a much larger number of smaller (mostly retail) holders
It’s typically a bearish set-up, but considering the context in which debt-holders are selling, it provides a rare opportunity to build a position at an artificially discounted price. IMO
PDN Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
