As I understand it, these daily purchases by Cleary and Evans are propping up the price - soaking up the offers above the rest of the market's bids. If they weren't purchasing, the price would be falling faster than it is. On the flip side, with the amount of cash pouring in you have to take some comfort that the directors are confident they will start making some gains. This was always a LT position for me - anyone selling out now is just impatient.
Am I wrong?
As I understand it, these daily purchases by Cleary and Evans...
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Last
$1.69 |
Change
0.020(1.20%) |
Mkt cap ! $133.1M | |||
| Open | High | Low | Value | Volume |
| $1.69 | $1.70 | $1.68 | $513.2K | 303.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $1.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 47764 | 2 |
View Market Depth
| Last trade - 15.43pm 27/09/2024 (20 minute delay) ? |
| TGF (ASX) Chart |