bottom, we're a REALLY friendly bunch over here, as indicated by the thumbs up to newcomers :-)
But your misplaced query fits colincj's post, particularly the comment: "why would [instos] want the sp to rise when they can niggle away like they are doing"
Well, fund performance is one good reason! The instos bought a pile of RED shares at $2.12. So, RED's lower price makes their fund performance look poor. Although presumably RED is a tiny part of their portfolio, every stock gain helps.
In fact, my guess is that fund managers would love to buy in just before their stock becomes a multi bagger. This allows them to sell off some shares in short order to reinvest elsewhere and hold some shares to catch later appreciation. I can't imagine a fund manager who wants their shares to fall 50% then hope they stay there.
For what it's worth, I bought a few more shares today, even though already overweighted on this stock in my OZ portfolio.
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Last
37.0¢ |
Change
-0.005(1.33%) |
Mkt cap ! $2.516B |
Open | High | Low | Value | Volume |
37.0¢ | 37.5¢ | 36.0¢ | $8.665M | 23.58M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 418273 | 37.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.5¢ | 611282 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 204000 | 0.370 |
3 | 796178 | 0.365 |
23 | 1101542 | 0.360 |
9 | 770255 | 0.355 |
17 | 1178500 | 0.350 |
Price($) | Vol. | No. |
---|---|---|
0.375 | 489438 | 18 |
0.380 | 927711 | 22 |
0.385 | 882461 | 12 |
0.390 | 263239 | 7 |
0.395 | 503014 | 8 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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