Shaws bot is obviously just selling approx 15% of volume. My guess is this happens when the opportunity slides over the VWAP. Hence why @mcseamus88 could see the buy side slowly get stacked, and then all of a sudden a sale automatically goes through.
The buyer also knows if they slowly stack they'll get a better price from Shaw's then buying large.
I don't think Shaw's have a daily/monthly goal on number of shares to sell. Just a percentage of total volume.
Therefore if RAC gives us something juicy enough for 43m volume in a month, BG would be all out - if they continue at 15% that is.
Like JDP said (I think) we don't have a seller problem with the SP, we have a lack of buyers problem.
... Its now up to Zantrene to deliver!
RAC - Charts & Price Action, page-10110
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Last
$1.61 |
Change
0.165(11.5%) |
Mkt cap ! $273.4M | |||
| Open | High | Low | Value | Volume |
| $1.46 | $1.61 | $1.46 | $245.3K | 161.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 229 | $1.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.63 | 1226 | 1 |
View Market Depth
| Last trade - 16.10pm 12/08/2024 (20 minute delay) ? |
| RAC (ASX) Chart |