1. Most Discussed
  2. Gainers & Losers

panic sellers?

  1. NT

    1,708 posts.
    Have just returned to Hotcopper to see the big turnover in AVL shares.

    For well over 1 million shares to be unloaded in a short time with the share price moving marginally down shows strength.

    We know the story of this company.
    Any minor hiccup will not concern.

    So where did all the sellers come from?

    1. Panic selling? - possible but hardly likely IMHO.
    2. Someone unloading to cover options excise? More likely!
    3. Institution unloading! More likely again. Institutions often have a limit on holding of any one company. Let's say one company should be no more than 5% of total portfolio. From time to time when shares in one company increase to bring its total value beyond the maximum 5% then some shares are unloaded at a profit to bring total percentage down.
    4. A combination of 1,2 & 3.

    Possibly time will tell.

    However continue to predict that mid to late April will see the next leg up in Anvil share price to new record highs.
    Also predicting that market recognition of Anvil will become more manifest at the same time.

    Anything close to 90 cents in April moving closer to $1.50 after first day trading on TSX and successful implementation of stage 2.

    A little less conservative than in the past - but perhaps very justifiably.

    Cheers

    NT

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top