Just a thought I have had about the 50c placement.
Ever wondered this - the placement is at 50c (which will now create another new baseline) which will cause people to sell as they see the price dropping to 50c or around there.
This brings out seller but there seems to be enough buyers picking them up.....even in the mid 50's
With the volume of selling/buying going on today 700k so far - leads me to believe that there were buyers waiting in the wings to pick up the lemming sellers?
i reckon this might come to rest around 53c over the next few weeks with someone picking up load from the Lemmings?
just a thought.....
- Forums
- ASX - By Stock
- RES
- placement
placement, page-8
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RES (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online