The first box ticked and the institutional investors have shown their support.
It is in the best interest of the big guys who paid 8c to maintain the share price above 8c.
It is also in the best interest of Patterson to keep the share price above 8c to entice the retailers to take their entitlements, hence the pressure of Patterson.
It has been timed really well with the market calender on the DOW.
The Dow has been maintained around 17000 level and the recent sell off was, IMO, to prepare for the expected gains in response to the unemployment data this Friday.
Secondly, from the 3rd to the 14th, it is usually the time where the resource sector perform (more green than red days.
The next leg up will be up on the release of the production data and according to Amanda their will be a release of more business updates in the next 20 days of the offer.
Only my opinions and thoughts, not an investment advice.
DYOR
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Last
$6.17 |
Change
0.010(0.16%) |
Mkt cap ! $5.767B |
Open | High | Low | Value | Volume |
$6.18 | $6.22 | $6.14 | $10.91M | 1.767M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12550 | $6.16 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.18 | 124 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 12550 | 6.160 |
8 | 33337 | 6.150 |
2 | 30755 | 6.140 |
2 | 18811 | 6.130 |
1 | 34 | 6.100 |
Price($) | Vol. | No. |
---|---|---|
6.180 | 124 | 1 |
6.190 | 6260 | 1 |
6.200 | 30291 | 7 |
6.210 | 38940 | 4 |
6.220 | 17739 | 2 |
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