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I'm glad you brought up the fact about day traders. I know for a...

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Skynet

352 Posts.

25/04/16

19:45

Post #: 17593614
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Originally posted by mickyj777 ↑

Sos I think there hasn't been much of sell down yet as SPP shares haven't been on market. I was thinking around .22 myself if this is broken could see sub .20
Plenty of day traders who may have held during the entitlement period who will take profit and under subscription off raising may see SI sell some down, triggering stop losses also.

Any sell off will be short PLS tranche 1 was a good example of this were it bounced back the same day and I'm sure there's plenty of people watching from the sidelines waiting to pick the bottom also.

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I'm glad you brought up the fact about day traders. I know for a fact that a few of the bigger day traders I communicate with via another forum were holding during the entitlement period.

BGS Price at posting: 26.5¢ Sentiment: Hold Disclosure: Held
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