"...but if you have the cash, why not support your existing holding in a stand off ..."
Please may we have some logic.
What possible benefit can Mir gain from fiddling the closing price by making purchases? He's not suggested that he is exposed through derivatives or spread bets, where he could gain from calls/long bets but, even if he did, you're not writing the derivatives or the bets.
Further, he has no scientific reputation to protect. He's not put forward any theory to verify. On any objective view, this is an artificial market stalled by developments in ADI's situation. The trading was hopelessly shallow today to be the slightest bit representative of anything. It was just background noise.
The only certainty is that there has been concerted buying over the last week or so but why would traders take a punt on AUT? Only investors having some knowledge of the joint venture would have a feel for relative values.
You'd have found it extremely difficult to have traded the market today whatever the graphs were telling you to do. Did you try??
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Last
80.0¢ |
Change
-0.035(4.19%) |
Mkt cap ! $384.5M |
Open | High | Low | Value | Volume |
82.0¢ | 82.5¢ | 79.8¢ | $1.726M | 2.140M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 11636 | 80.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
80.5¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11636 | 0.800 |
5 | 87876 | 0.795 |
2 | 27880 | 0.790 |
2 | 14215 | 0.780 |
2 | 30975 | 0.770 |
Price($) | Vol. | No. |
---|---|---|
0.805 | 10000 | 1 |
0.815 | 34150 | 2 |
0.820 | 11650 | 1 |
0.825 | 7500 | 1 |
0.830 | 12000 | 1 |
Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
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