WSA western areas limited

Ann: Ceasing to be a substantial holder from MQG, page-2

  1. 2,060 Posts.
    lightbulb Created with Sketch. 1393
    Macquaire a seller & shorter, sold at 2.60 a 1.61M share parcel after massaging the price all day with small buys
    Yet looks like they made a bad call as nickle rises past annual highs & CBA was buying sub$2 but selling at $3 so dont see CBA selling yet to call a top and cash out their 25% profit so far but may happen soon enough.

    If Nickle was IO it would be at 9.00
    If Nickle was Zinc it would be at 8.00
    If Nickle was Copper it would be at 7.00 but its at 5.20 way lower

    Looks like its headed to 6.00 in a major catchup to other commodities.
    Watch 2.42 resistance and if Macquarie keeps selling into the retail buyers hoping for a rising share price while they sell.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.