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
Generally, big players (those capable of gobbling-up as you put...
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $342.8M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.0¢ | 17.0¢ | $737.6K | 4.203M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 69 | 1587304 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 213251 | 4 |
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