So I think the complaint is, if yr an institution and you have just been told you have received a fixed allocation of say 500k shares , then if this represents 6% of your current holding then you would sell down 500k of shares immediately at say where they were at$1.05- $1.10. lock in this profit, and you still have the same amount of shares that you originally had, but a nice entry at .91c for some.
hence there is currently selling pressure down to .91c . all those institutions with their fixed allocations able to sell. Us, well we don't know our allocation for a few weeks and by that time the premium will have evaporated. yes there are positive announcements, but for now....,DYOR...
So I think the complaint is, if yr an institution and you have...
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Last
53.0¢ |
Change
-0.050(8.62%) |
Mkt cap ! $217.5M | |||
| Open | High | Low | Value | Volume |
| 57.5¢ | 57.5¢ | 52.5¢ | $945.4K | 1.730M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 151700 | 53.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.0¢ | 55780 | 3 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| 4DX (ASX) Chart |