But if more shares were bought than sold on any particular day wouldn’t that be a possible sign of accumulation or possibly even a sign of a short position or market makers creating an NSS position?
Otherwise surely each day the buys and sells should be the same? Therefore the only thing that might make the share price move upwards would be increased demand by retail causing the price to be marked up by market makers?
Would that then not be dictated by the speed with which the transactions were executed? Which would suggest that rate of increase in volume would be on an upwards trend?
We didn’t see that today. We saw steady significant accumulation in my view and the only reason accumulation isn’t higher is because of someone dumping in the last 15 minutes and still the price only dropped by a few cents.
That’s my take, takes a while to get your head round my reasoning but I like mine better than yours!
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