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8.1¢ nuheara limited

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tesio_nz

715 Posts.

271

11/12/18

11:00

Post #: 36816539
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Originally posted by burntgamber ↑

Originally posted by tesio_nz
Eenie thinks its a great buy .
Mo not not nearly so convinced.
Thinks that with sellers outnumbering buyers by more than 3 to 1 there are way too many sellers looking to unload.
Proceed with caution
Still looks like the seller(s) from yesterday is still here.

Share price gains a bit of momentum and gets slapped down by 0.2-0.3cents at a time indicates likely a forced seller or seller(s) that want out fast.The broker or the individual doing this selling does not seem to care much about getting "the best price" which would be in small parcels throughout the day.

I believe yesterday's volume on the ASX and Chi-X was approximately 12.5m and already 5.5m today would indicate a Top 20 (maybe even a Top 10) shareholder is selling.

If this selling does subside I can see a fast rebound to the 7.5c mark or the recent placement price. May see a spike to >8c. If there is news then could see NUH spike higher. Picking how many shares left to be sold would be the difficult factor.

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Definitely a buyers market ,just a case of holding out for your price.
Surest way to lose your shirt here is to chase the stock higher.
Inevitably then you become the one left holding the bag, though not the worst bag to be holding LT by any means.

NUH Price at posting: 7.2¢ Sentiment: Hold Disclosure: Not Held
1 Upvote

0 Great analysis

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