Generally, big players (those capable of gobbling-up as you put it) sit back and let the dust settle while they analyze announcements and reassess company fundamentals. What we are seeing this morning is amateur hour trading - knee jerk reaction to this very significant announcement.
It will be a few days before insto investors and deep pocket sophos start their buying on the back of this announcement (tomorrow at the earliest).
I think somebody else on the BRN forum observed "amateurs open the market, pros close it."
In any case, many are still finishing their weeties - they haven't read it yet.
IMO
DYOR
Ann: Megachips License Agreement, page-156
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Last
27.0¢ |
Change
0.005(1.89%) |
Mkt cap ! $501.1M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 27.0¢ | 26.5¢ | $1.016M | 3.800M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1059388 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 166139 | 3 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
26.8¢ |
Change
0.005 ( 1.21 %) |
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| Open | High | Low | Volume | ||
| 27.0¢ | 27.3¢ | 26.5¢ | 3034679 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| BRN (ASX) Chart |