I was always comfortable as long as PPT were increasing their holding, so them selling is a bad signal and yes indicates a possible large supply will continue to overhang the stock for a while - so yes the only hope is its a tax loss trade, but given they accumulated diligently over a long period of time I question why they would dump such a large amount at the low point just for a tax loss.
cheers, Sharks
- Forums
- ASX - By Stock
- RFE
- Ann: Change in substantial holding - PPT
Featured News
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.
The Watchlist
RC1
REDCASTLE RESOURCES LIMITED
Ron Miller, Non-Executive Director
Ron Miller
Non-Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online