So we opened this morning at 10.5 and with 10% more shares to hit the market in a week's time.
As mentioned before, the gap of 10c to 10.5 is the biggest one-point change on the ASX, so when you have a company poised at that spot it gets a lot of traders.
And IMO this is what we are seeing at the moment. People trying to get their hands on shares at 9.8-10c, to offload at 10.5.
With the currrent volume of CTP this is day trader's delight.
CTP Price at posting:
49.0¢ Sentiment: LT Buy Disclosure: Held
