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Re: IKEA post# 88426

Monday, 05/11/2015 4:02:23 PM

Monday, May 11, 2015 4:02:23 PM

Post# of 163716

Thought the Burnham deal could lead to some institutional buying pressure but noop. The Yankees seems to hate Chineese stocks!


I'm curious about why you think there's been no institutional buying. I would guess that there has been, although we wouldn't know unless 5% or greater was acquired by any one of them.

In my view, the share price has increased steadily since the Burnham announcement. Of course, there are other factors, and we have no way of knowing. But, to recap, on April 7 (Burnham announcement) the share price increased from $10.57 to $11.15 on around 80,000 shares. Share price continued to increase for six trading days -- with reasonable volume -- to $12.59. On April 16, eight trading days after the Burnham announcement, the share price was $12.68.

Of course, despite various claims, we don't know the cause of the increase, nor the origin. But we are certainly thrilled about it, and its continuation! Go SIAF!

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