FWIW...
Noticed GMP on the sell side yesterday (selling relatively large 83.5K in just 1 day) and seems they want to continue selling today. GMP typically involved in institutional transactions.
GMP sold/unloaded/liquidated 3.3 million shares of SGX (~1.9% of SGX float) in just 11 trading sessions since March 11th. They seem to be done selling SGX... If they continue selling KXL like they sold SGX it could be a while before we move up from here... barring earth shattering news of course. Would be great to see another institutional investor step in and scoop up everything GMP puts up for sale (something we didn't see over at SGX).
Something to keep an eye on.
red911
From SGX board...
Re: GMP
posted on Mar 30, 09 02:40PM
GMP just unloaded another 667k at 6 cents.
Brings their total to 3,331,900 shares sold since March 11th (~1.9% of float).
GMP has bought 0.
red911
