pa,
Just a couple of observations.
- Insiders bought NBS shares recently.
- This was followed by institutional activities in the stock, which btw was evident again today with the bot trading strategy once again being applied throughout the day.
They are trying to do a ‘silent accumulation’ of NBS shares. Some 70-80 trades today with less than 100 shares per trade. The culprits managed to keep the VWAP just below 34c.
These activities are often a forerunner for a special briefing to select parties, which in turn will see renewed interest in a stock – in this case NBS.
Good enough a reason for me to buy more.
I think we have seen a turn here.
IMHO NBS is not likely to dip to fill the 25/26c gap.
Since this essentially is an Asian operating company with an Asian Chairman domicile outside Australia, it is very possible that any special briefing (if such a briefing is in the making) may take place outside Australia.
20500 - you insight please.
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