regards the hedge funds holdings - they bought those shares of people who were happy to sell over the $5-00 range to take aprofit. Most of those I would imagine would still have their cash available, after all its hardly a bargain filled market.
If you were happy to hold in the run through and over $4-00 before the bid was announced, I'd say most of those ex shareholders would be happy to get back in somewhere in that mid $4-00 range, and bank the profit - below $4-00 would be such a massive bargain, that institutions will come out of the woodwork to soak some up at those levels - gotta be a fighting chance of a Billion dollar day today - gunna be interesting to watch....
news flash deal blocked, page-24
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Last
$5.85 |
Change
-0.040(0.68%) |
Mkt cap ! $9.532B | |||
| Open | High | Low | Value | Volume |
| $5.84 | $5.91 | $5.84 | $38.05M | 6.494M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22710 | $5.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.86 | 26030 | 3 |
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| QAN (ASX) Chart |