Sp action proves to us that once JB is out, 30c+ can happen very...

Sp action proves to us that once JB is out, 30c+ can happen very quickly.


Common JB, dump another 5mil shares. And the market will slaughter your remaining 15mil shares very fast. Don't be shy.

Top20 holding is around 295mil shares and I guess Top30 is holding around 310mil shares. If we exclude Quantum (125mil shares) and JB (20mil shares) that leaves remaining Top30 holding around 265mil shares.

If these Top30 investors step up their purchase to increase their holdings by 10%, that is 26.5mil demand and easily absorb JB's remaining 20mil shares, leaving nothing for other new buyers and other holders outside of top30.

To put it into perspective, if one is holding 1mil shares, he/she only needs to top up 100k shares to increase holdings by 10% to 1.1mil shares. Or if one is holding 2mil shares, he or she goes up to only 2.2mil shares or 10%. That is not a big increase at all.

My point is JB's 20mil shares is not big quantity at all. When the market decides to buy up as this is the last chance to buy at dirt cheap price, it can happen very fast. New buyers and current holders outside of top30 needs to compete with top30 to buy up as there is not much share left from JB.

And I think the competition to buy up is already starting.