Re: Welcome to the dawg days of summer
in response to
by
posted on
Aug 03, 2015 02:10AM
We had both the World Book and the Brittanica encyclopedias when I was growing up...my Dad loved saying "Look it up"!!! By my teenage years, when I was bored....I'd radomly grab one of the volumes and just flip through and read about whatever caught my interest.
Bringing it back on topic ;-) At least we'll get to see how RVXCF trades, if it does at all, tomorrow. The next couple of weeks could provide a strong indication whether or not my thoughts on "smart money" acccumulation have merit. I earlier expressed the view that there are no vacation periods for "smart money" players.
The incredibly light volume of late, in my opinion, is more an indication of lack of supply than a lack of demand. If my view is accurate, and there are individuals looking to accumulate, the difficulty in just driving up the PPS, as I see it, is that a rising share price brings attention and competition for a limited number of shares.
So the next couple of weeks could prove an opportune time if there are connected in the know types looking to establish significant positions. With this being the height of the vacation period, even if the PPS is driven up...its less likely to bring in as many retail buyers who are away on trips, or at the cottage or campsite.