"Today was either leaky news or someone taking a very large position. It didn't look like a pump, too many large buys and not enough crosstrades."
leaky news? maybe, but the ladies have doen well so far. very large position? NO, what 70m units in a day with ADN HUGH SOI is nothing. large buys? NO, only 2 large buys, the rest were <1-2m units which is chicken feed. Most trader will trade between $10-25k and get their 5% return, so just a few pips. Not enough crosstrades? agreed, but if there were then this WOULD indicte that a cornerstone investor was getting onboard, and much large volumes, like 100's of thousands.
So whilst maybe not a pump, it's just retail traders and others looking at the chart, which displayed a breakout, and has now. Would expect a little more for a day or two (generally 3 days), and the SP is way outside the bollies.
ADN Price at posting:
1.4¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)