Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Friday, January 22, 2010

US firm ups stake in Green Packet

SMALLCAP World Fund Inc, a US-based investment firm, has emerged as a substantial shareholder of Green Packet Bhd (0082), a software developer and wireless Internet service provider.

It bought 33.9 million shares, or 5.2 per cent on January 11, Green Packet said in a statement to Bursa Malaysia.

Smallcap continued to buy more shares, and as on Wednesday, held 6.02 per cent, or 39.29 million Green Packet shares.

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