"There is definite accumulation going on ATM so it's quite obvious that someone doesn't want the price to get away just yet, but if I wasn't stocked up with these and I was still buying I probably would be thankful for their help."
I am not sure that I agree with you.
Something is definitely holding PIH back, but the BOTs are only part of the picture. The BOTs are more than likely playing on the fears of those soft holders who entered the stock via the BEPPA conversion and who need to get out. They might think that $4 is a good level (certainly better than $3.50!) By edging the price down the BOTs are hoping to stampede the $4 sellers and feed their own buying orders at lower levels. (I agree with Melua's view that the BOTs' visible activity is the opposite of their strategic intentions.)
As a long term holder, I think you have to sit back and watch the shenanigans and be thankful that you control your own destiny. If you are a buyer, then the BOTs are providing manna from heaven.
PIH Price at posting:
$3.97 Sentiment: Hold Disclosure: Held
