TSN ADU AGO AIA AIZ AKM ALK ALS ARP ATI AVX AXM AZM AZT AZZ ASQ BDR BND BTU BUL CAA CCC CHN CMG COE COF COK CPB CQT CRK CSS CTO CUP CVW DML DTE GSL EDT ELD K2P EPW EQN EQX EXS FBU FGE FPA GCL RNE GEM GLG GRY GUF GWR NGI HIG HIN HUN ICN IFM IGR IMD IPD ISF IVA IXR JMS KGD KGL KRM MAQ MCE MCO MEL MGO MLD MMW LCL MSB NBS NCK NCR NFK NGE ACF BLV NPX NYO ECH PBP PEM PEN PLA PLV OVT PPP SRS PVE QRX QTM RCI RES RFE RIA RMS ROL RRS RUL RXM SDG SEA SIH SLM SRV SSN STB SWK SWL SPK TEN TGS TLM PAC TSI TWR TZN UML UXC VPG VTA WDS WHS WIG WPG WRT ZSP

Ann: SandP Announces March SP/ASX Rebalance , page-100

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  1. penguins1983
    122 Posts.
    clock Created with Sketch.
    09/03/11
    22:33
    Post #: 8026810
    re: Ann: ZSP: SandP Announces March SP/ASX Re... This was just a case of someone exercising $4.3m of options and dumping the whole lot on the market via a brokers bot. Fair enough, given the options had a strike of $0.30-5.

    The bot was aggressively dumping in the morning and it hit ALOT of stop losses on the way down. By midday roughly $5m was traded, and most of their loot was sold and the bot really slowed down.

    However, ALOT of people didn't understand what had happened this morning and kept selling down at $1.70 keeping the price down. The bot was actually trying to lift the price up, but weak holders kept selling into it.

    Last time there was a big selloff from $1.90s all the way down to $1.52, and sure enough within a few weeks we were back up to $1.90s again. Be patient guys, because surely results can't be far away and moving into the ASX200 can only be a good thing. Index funds have to buy this.

    The story and upside potential is just too great not to hold. People look at the market cap of $500m and get put off. However, look at Redback getting takenover for $7bn, and then GRY at these levels start looking damn cheap. We're still in the early stages of this story.

    GRY Price at posting: $1.70 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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