STX 4.35% 22.0¢ strike energy limited

Ann: Quarterly Activities Report & Appendix 5B, page-21

  1. pjf
    2,194 Posts.
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    The seller is the only one who really knows what he was trying to do.

    Maybe he wanted to sell them, but it appears that he pulled some before they all sold (but I didn't actually see the action).

    Maybe he wanted to halt the buying up, or force the price back down if he was trying to buy more. Obviously he put his ask too close to the action if that was his intent and he didn't really want to sell.

    The positive is that there were buyers out there looking to buy biggish numbers and prepared to pay 5.9 and 6, which will of course prove to be very cheap if STX achieve the results we are hoping for.
 
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