SNSN schreef op 5 januari 2015 19:13:
As for the “Activist" (Paulson), his average should be around ~2.42 (assuming his trading was really very prof one).
Thus, his recent reduction could be just "ordinary trading" based on “return optimization“ objectives (near/under the lt/mt-resistance zone). That is just (technical) profit taking on “extras” (above the “drempel”)..., with clear expectations for further price drop to, at least, ~2.52, or lower. This level (~2.52) is, on the one hand, the lover uptrend border since Oct 16. And, on the other hand, is (most likely) the lower border for (Paulson‘s) purchases of “extra shares” (those acquired last Spring just above the “drempel”).
So, his next (logical, but not necessary) move (just trading based on ex-ante return-optimization objectives, if any) could be repurchasing of “extras” back below, or just around ~2.50 (“improving” his average anyway)