CLQ Chart, page-555

First 555 Last

Share
Profile

Follow
notned

960 Posts.

124

06/10/16

18:24

Post #: 19677893
Share

Originally posted by OceanView ↑

Today's candlestick:

From the point of view of a long (me) that blood red candlestick, especially after the past 3 to 4 days, looks to me like an exhaustion of selling. That long fishing line suggests to me that buyers took control to day's end. My thinking is that spec/momo investors took profits probably believing momo is diminished. Their shares were then bought by longer term investors -- though at this stage value investors aren't in, perhaps deep value investors building positions (eyeballing the ~$420k that came in from the possible exhaustion bottom).

Thoughts on exhaustion selling today, anyone.

OV

PS Maybe RF is the one getting his average cost down -- kidding, I've no idea.

Expand

Maybe RF has been made aware of the fact he can exceed the 20% rule

http://www.takeovers.gov.au/content...provisions_in_australia.htm#acquisition_limit

There are a number of exceptions to the prohibition in s606, including:
.an acquisition that results from an acceptance of an offer under a takeover bid (item 1 of s611)
.an acquisition approved by a resolution of the company in which the acquisition is made (item 7 of s611)
.acquisitions of no more than 3% in every 6 months (the 3% "creep" exception in item 9 of s611)
.an acquisition that results from a rights issue (item 10 of s611)
.a downstream acquisition resulting from an acquisition of relevant interests in another listed entity (item 14 of s611) and
.acquisitions resulting from a scheme of arrangement (item 17 of s611).

Would hate to suggest RF is a "creep"

CLQ Price at posting: 53.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply