Every chance you are right, especially considering it seems that the selling pressure has now subsided with Pengana and Tribeca no longer holding any CAJ shares.
Spare a thought for Pengana in particular who sold their 37,500,000 shares at an average of .1873 cents (to my calculations) mainly via dirt cheap block trades....
Had they have held off and exited by slowly filtered through their stock they would be achieving ~15% more at todays prices. I've never quite understood the downright inarticulate way many of these professional fund managers dump their stock, normally right at the bottom too. When they want to exit their position, they panic sell in the most amateur way.
Every chance you are right, especially considering it seems that...
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Last
24.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $258.5M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.5¢ | 24.0¢ | $69.28K | 288.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 298244 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 170968 | 4 |
View Market Depth
| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Last
24.5¢ |
Change
0.000 ( 4.26 %) |
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| Open | High | Low | Volume | ||
| 24.0¢ | 24.5¢ | 24.0¢ | 55760 | ||
| Last updated 15.53pm 29/04/2024 ? | |||||
| CAJ (ASX) Chart |