I was keeping an eye on the transactions yesterday, and noticed in the morning one buyer snapped up $20,000 worth of shares in one chomp. Likewise, the first trade today was in excess of $20K.
The volume this week has also been much higher than last week, and so I wonder if an institutional investor or other major buyer might be taking advantage of the recent dip in the share price, and has started to build up a position in this stock.
Just one other point I thought I should raise: could I politely suggest that posters here aim to use just the one account per thread?. I mention this because I recently have got the impression that someone has been posting here using a number of accounts.
When I see a poster who I suspect has been using a duplicate account posting a message, I find it difficult to know how to respond.
Personally, I prefer to give all posters the benefit of the doubt, but based on past experience, when I have responded to posters who I have had doubts about, I have usually found that my initial suspicions turned out to be correct, and that they were not posting in good faith and aiming to waste time or disrupt a thread.
I understand that occasionally, people may have good reason for posting using a second account, but in general I think it is reasonable to suggest that using the one account on each thread should be the ideal.
PET Price at posting:
42.0¢ Sentiment: None Disclosure: Held