A mate of mine seems to think that the so called 'sell downs' on open being seen is actually arbitrage selling - meaning there are buyers into THR.L overnight and then those same buyers are the sellers into THR. Easy profits. Cheaper in London overnight, and then maximising profits in the morning through selling into THR.
With that knowledge, I doubled up this morning at almost the same price I bought the day before, knowing full well it would spring back up after the arbitrage selling was complete. Not saying it will happen every time. It all depends on the volume from the previous night. So keep an eye on THR.L
Cheers
eMark
THR Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held
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