Re: Insiders
in response to
by
posted on
Nov 19, 2013 02:14PM
rocky, in case you haven't noticed, we are witnessing a redistribution of shares to other shareholders. Just because Brant is/was a big holder doesn't mean they always will be. Anonymous has bought over 2 million shares net since Oct.22nd. I'm glad to see Brant go. The last two MD&As have clearly stated the goal of the company is to expand the sharehodler base.
Brant sold hundreds of thousands of shares in the .40's over the last few months with a large chunk of those near .40 at the bottom of the trading range. They are not the all seeing investors or traders for that matter they may have been in the past.
Brant is unloading with the RSI at .70, indicating overbought status so they're making a technical call However, I think this time there isn't going to be much of a pullback and they are going to regret it.