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clock Created with Sketch. 11/04/22
18:46
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Originally posted by Puddle pirate:
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Total speculation but I believe it’s the same people that have the rather large sell orders(that actually never get sold & I believe are only there as a block to the SP, while they accumulate) because let’s face it the orders are never at the top of the price point but closer to mid way or the bottom. Giving them ample time to pull them if someone actually starts to buy into that pip, so unless a massive buy comes in and takes the lot their safe. Yeah it’s a gamble but with our current daily trades fairly safe & if it is indeed what’s happening they e been scooping up the shares quite nicely. Only wish I had more available funds.
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But what deal though? The only thing that this can point to is a take over or a cap raise. Would make sense that they would purchase shares to keep the price afloat for a cap raise. Whilst for a TO it would make sense to build that wall to keep the price low so they can low ball the price. Anyway no point speculating, hoping to see the updated DFS soon! Tried calling the office for an update but the person didnt take the call/respond.
(20min delay)