To a certain degree all listed businesses play this game, i.e. lump together the bad news, then lump together the good news. For management this is the easiest way to 'covertly' get the share price moving one way or the other, benefiting option pricing and returns. Works best if you have a business with lots of interpreted value in play, so you can tweak as needed without question.
Once you know this, its easy to spot. Its literally like turning a traffic sign, one side good news, the other bad news. Be interesting to see what the shorters do on this news.
As always DYOR.
Ann: Finniss Mineral Resource Increased by 58%, page-73
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Last
8.8¢ |
Change
-0.002(2.22%) |
Mkt cap ! $188.0M | |||
| Open | High | Low | Value | Volume |
| 9.0¢ | 9.0¢ | 8.6¢ | $1.020M | 11.56M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 611323 | 8.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.9¢ | 680228 | 4 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| CXO (ASX) Chart |