I respect your chart interpretations, Matt889. Wish I'd taken the time to learn charting back in the day. Would've been well and truly better off by now..But thinking strategically, my view is punters are anticipating a sell off on Wednesday when RI shares become available and are taking profits now. A 'bird in the hand' attitude. What d' you reckon?
Another aspect could be substantial shareholder notices aren't making an appearance as yet. If I was Mark Creasy, and craftily accruing shares to assist a future takeover, I'd be doing it via a number of different companies on the quiet, so as not to trigger a notice.Obviously, if such a notice was forthcoming, it'd put a rocket under the s.p and make a possible acquisition more expensive.
Anyway, if there is an RI selling dip,the shares will be gleefully taken up,I suspect.
donnybrook
GAL discovery-impact on Mt Thirsty?, page-499
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Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.201M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.1¢ | 0.1¢ | $250 | 250K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 35270465 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 41794153 | 33 |
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| Last trade - 10.02am 09/09/2024 (20 minute delay) ? |
| CNJ (ASX) Chart |