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
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Last
20.5¢ |
Change
-0.005(2.38%) |
Mkt cap ! $380.4M |
Open | High | Low | Value | Volume |
21.0¢ | 21.3¢ | 20.3¢ | $1.203M | 5.848M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
88 | 2009684 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.5¢ | 76539 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
88 | 2009684 | 0.200 |
30 | 1228537 | 0.195 |
46 | 1342160 | 0.190 |
26 | 1088769 | 0.185 |
46 | 1638721 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 76539 | 5 |
0.210 | 839932 | 9 |
0.215 | 391215 | 15 |
0.220 | 723257 | 21 |
0.225 | 697354 | 16 |
Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
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