Tarax...
Assuming it is a "trader" purge...depending on the numbers, it is conceivable we may well see a trading halt Monday Morning and subsequent gap up on re-open.
We have seen some 100m shares trade below 4.6c...that's an awful lot of "noise" under which all sorts of agenda may be hiding.
If...and I say IF, this is a "trader" purge as I suspect...it would be a relatively easy task given tonights 4.1c close (perhaps on the back of an announcement), to facilitate a gap-up on the open and effectively lock-out many of the traders who have "traded" out for lower prices.
With VWAP's of about 4.6 and 4.1 over the last two days, a quick run up (or gap-up) to 4.6+ will result in many of the resent sellers buyiing back in for more than they sold for.
I see this as just a short-term "play" for now...perhaps a decent announcement from managemt may shift my views?
Cheers!
- Forums
- ASX - By Stock
- AEX
- market played for fools...
market played for fools..., page-71
-
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)