Spot on GT.
Huge amount of shares has been soaked up by Market Players. With company like this having unique demanded product and expected few announcements regarding production, JV and future growth; market players like to take as much advantage as possible by repeating CYCLES of buying (soaking), pumping and then exiting at the top pre-news or after +VE announcement. They wait and repeat the cycle again. This can repeated few times based on the expected news market is waiting for. Hence, better to join them at right time and have patience to take an advantage.
Looking at possible news, LWP could be good buy for some players .
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- Ann: LWP EGM Notice of Meeting 8 July 2015
Ann: LWP EGM Notice of Meeting 8 July 2015, page-75
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