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clock Created with Sketch. 01/04/25
20:47
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Originally posted by pp:
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I have no doubt it is manipulated to accumulate. we saw state street accumulating and first sentier reduced likely just to book a profit for/by investors. no one knows anything as its still in progress. media is running old story of superannuation losses which is not unique to insignia and not a coincidence imo. every fund has lost significant investments. I was speculating takeover since last 3 years and I was actually guessing state street corp will make a move but to my surprise they did not. its couple of weeks left for ifl trading I guess and its a done deal imo. volume no way suggests the deal is going in wrong direction. company should go for trading halt rather than letting the trade go on with uncertainties and speculations, just for the sake of mum and dad share holders not to fall in a trap set by major holders. I believe mum and dad holders should get benefited from this deal who is holding the shares for years rather than the opportunistic scare mongers
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Theres a lot of volume bought after 4:10pm that has no impact on price. Wonder if this will be used to dump SP down to $4 tomorrow.
(20min delay)