Ccke Today was the first day the market was open since the shares came out of escrow. I just can't see them not having an impact. It's such an insane amount of shares to be coming out at one time, with all of them sitting on immediate massive profits. If even 10% of them are sold to take profits or for tax reasons that's 30 million shares the market has to absorb and the buying support isn't there at these prices to have that. I suspect we go lower from here but that just presents people with a good medium term buying opportunity.
BUD Chart, page-1240
-
- There are more pages in this discussion • 682 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 BUD (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