PGC 2.15% 47.5¢ paragon care limited

Ann: LR Instruments Acquisition - Final Payment, page-24

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  1. 733 Posts.
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    Yes Joe I hear you, but the bids are not extraordinarily large.

    If I remember correctly a substantial holder placed consecutive on market buy orders of 500,000 shares at $0.34 cents last year, at a time when I thought there was already support building at that level.

    I thought it was a very poor strategy with close to zero chance of being executed after exposing to the market such ambition. I was already overweight PGC and was even tempted to jump in front them for what I thought would be an easy short term trade.

    But to my surprise some very big sell orders appeared, over only two days, I think and completely filled his order of over 1,100,000 shares!?

    Not at all how I would have done it if I was fortunate enough to be handling that sum of money, but trading/investing always surprises.
 
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