Generally, big players (those capable of gobbling-up as you put it) sit back and let the dust settle while they analyze announcements and reassess company fundamentals. What we are seeing this morning is amateur hour trading - knee jerk reaction to this very significant announcement.
It will be a few days before insto investors and deep pocket sophos start their buying on the back of this announcement (tomorrow at the earliest).
I think somebody else on the BRN forum observed "amateurs open the market, pros close it."
In any case, many are still finishing their weeties - they haven't read it yet.
IMO
DYOR
Ann: Megachips License Agreement, page-156
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Mkt cap ! $408.3M | |||
| Open | High | Low | Value | Volume |
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| 23.0¢ | 196385 | 4 |
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