I'm thinking closer to 6c.
• We have seen the significant volume traded over the past week, with several trades of $100k+. I don't believe they are from retail investors.
• VWAP has been close to 5c
• The big players have enough shares to keep the price suppressed so that they can accumulate shares at a lower price (and also get the options)
• It only makes sense that they let the price run so that they profit on both the heads and the options. Why else have they been accumulating?
• They have been accumulating on weakness - there are some people who are upset with management because of the mistake with the cost of the options and the "leading telecom" announcement. Others are able to see past that and appreciate that the fundamentals have not changed
• Many short term catalysts should set this up for a big run
- Forums
- ASX - By Stock
- TV2
- Ann: Launch of Karaoke2U App-TV2.AX
Ann: Launch of Karaoke2U App-TV2.AX, page-216
-
- There are more pages in this discussion • 400 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TV2 (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online