The two biggest turnover days was upon release of GS appointment....both had trading volumes of 8mill plus and it took the price 26 to 38,priced then faded away after these foray's..
One explanation is that the volume went to overseas buyers who are attempting to build a stake.....you need to do these antics to get volume...its has taken out a lot of stock that CBA sold down....once traders (old) are replaced by new players now that IRR and Oman results are awaited.....within 14 days....the price should pass 40 and reach the 50c level.
Note that PES got a bid 180% above pre takeover.
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