Got to question why a trader would profit take prior to the Kobe auction in two weeks time? I think it’s more likely that someone saw an opportunity to heavily push down the SP to mop up the loose hands.
Knowing that pearls have had a dramatic increase in price it makes no sense to reduce a holding prior to one a the biggest auctions of the year.
The demand for pearls in China, page-47
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $48.03M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.5¢ | 10.5¢ | $24.49K | 221.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 113942 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 23554 | 1 |
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| Last trade - 15.32pm 23/08/2024 (20 minute delay) ? |
| ATP (ASX) Chart |