Hi sydney6791
Clearly if dot trading is a reliable indicator then the seller (and future buyer) should be about ready to change their spots. Surely the prospect of picking up ~2,000,000 shares up to 8cents (including 1,047,464 shares at 7.7cents) would be a tantalizing prospect? I'm sure they'd flush-out another 1,000,000 shares in the process.
For any dot seller wishing to accumulate, then their job is all but done. And the market has assisted big-time (down to the current lows).
Impatient sellers have now left the stock and numerous others have recently capitulated! Buyers have also departed, having either already been burnt or afraid! However, there are a few buyers just starting to return in the mow-mid 6 cent range.
Current stats:
26 buyers for 1,897,431 shares
61 sellers for 5,295,170 shares
Surely it will not take much for the current sell-off to reverse? Even the dot (BOT) trading seems to have dissipated?
I have just sent a couple of emails to the company (PLA) asking them to clarify a couple of points regarding the Smokey Hills operations and change over. I will try and post something here once I get a firm response (that I'm happy with).
Cheers
Gus
- Forums
- ASX - By Stock
- PLA
- trades
trades, page-19
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online