those 8million shares have been sitting at 10c and 10.5c for a while now, which means that today's ann did not impact the amount of buyers.
Because of this i think it is more like that these 5 mill were short term trades, especially since it is at 10c, i pip up is 5% and 1 pip down is 1%, excellent time to buy.
If these are short term buys they will have a tight stop loss, probably in the low 9c mark, if the share price continues to fall thee stops will get activated and another 10mill shares will be dumped into the market.
I doubt very much those buyers were long term holders, which is not good for us.......
MDT Price at posting:
9.8¢ Sentiment: Hold Disclosure: Held
