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Freewest Resources Canada > Message
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Re: shaking the tree...Arlo

Posted by: alteridem on June 17, 2008 10:25AM

In response to: shaking the tree by arlo

" large ask at $0.3 Is someone trying to keep the price down to accumulate at lower prices"

Seems over the last few weeks that every time we try to move over 0.30, there are just enough shares dumped into the bid to stop further upward motion.

It really does look like we're being held down for some accumulation. 83% of last weeks volume seems to be institutional buying.

From Reuters: http://www.reuters.com/finance/stock...

As of June 07, 3 Institutional holders accounting for 10,169,941 shares(5.71%).
As of June 14, 4 Institutional holders accounting for 11,259,941 shares(6.33%).

Net increase in Institutional holdings for the week of June 09-13: + 1,090,000

Total trading volume for the week of June 09-13: 1,310,498

Cheers



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