With high tension in the market today and my watchlist a sea of red, I turned my eyes back to PGC and what did I see...GREEN.
There was about 50,000 shares added to the buy and sell depth today and about the same number of shares traded in the session.
The bots accounted for much of the buying. Any thoughts on whether that's an institution very slowly accumulating or just a random automaton doing its inexplicable thing?
With such low volumes in PGC on a very bad day for the market it suggests to me that there are few traders in the stock now, or if there is they are not easily persuaded to sell.
I also wonder if we might get some additional buying support when people's unallocated medibank funds are returned...
PGC Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
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