Broker data - last two weeks ending 10th November sorted by Net Volume.
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Broker data - last week ending 10th Nov.
Good to see Hartleys, ComSec, WealthHub & E-trade at the bottom of the list as net sellers. Retail - OUT!
Morgan Stanley huge net buyer. Possibly our friends in Hong Kong???
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Broker data for last Friday 10th November.
Again, good to see the likes of ComSec and E-Trade as net sellers.
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All in all, it appears as though there is some accumulation going on by some 'smart money'. The overhead supply will likely be coming from retail holders and should get absorbed quite easily if the buying continues. I'll be happy to see the price hang around here for a bit as long as the broker data supports this theory.
I'd like to see 10c hit before any news comes. It's a fair bet that the buyers know KPO is close to a deal. Where there's smoke ...
GLTA.
