I'm encouraged to learn that existing shareholders took up the bulk = 18 million TRY shares in the placement with 8 million placed with new shareholders.
I guess it was one of the newbies who took their quick 1 cent profit =$10,000 on 1 million TRY on Friday's opening. So how much of the residual newbie stock will fall out in coming days?
I'm also guessing that the true believers are the bigger shareholders with the better insights into the state of affairs will not be tempted to take their profit so soon. Their majority participation is a serious endorsement of the immediate prospects...isn't it?
TRY Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
