AS a rough guide ANZ dumped about 55 million shares and 9 million SLACF's.
Now, they dumped down to 25 cents but there were planned and willing buyers for most. Some traders recognized what was going on and bought in.
Now only 3 to 5 million have been dumped by traders on the way back to current levels.
I would say traders might have another few million? but safe hands have picked up 45million + shares and SLACF's and are not selling.
Announcements to come and fewer to trade will see substantial gains. I personally hope the traders have exhausted most of their stock but it is an unknown as to how much profit they want or how long they will wait!
Supply and demand the key with the share SP and Supply and demand the key with SLA to announce!
SLA Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
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