The accumulators are hard at work and have been for a wee while now, chomping away at as many 3.6's they can get their hands on.Only a few small nibbles into the 3.5c to try and cause discomfort amongst holders but NO hard push down, the main reason for the lack of a sustained imho is that most know whats to come..A rush of Ann's in all likely hood of being SP appreciating and a gaining momentum thereafter of a SP rerating..
Trying to load up the sale side at 3.7c and scare punters into caving in is now starting to wain down and the 3.6's are starting to show their hands...
People know it is NOT far for the excitement level to sentiment, volume and above all an increase possibly by many multiples in the short term of the SP...
If the line wipe of the 3.7's doesn't happen today it will very soon and the spring coil that has been tightened considerably over the last couple of months is about to explode with a bang.
GL ALL
PAB Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
(20min delay)