Will probably close in auction at equal, a lot of games being played by punters around 2.8c-3.1c, I was watching an early set up this morning at 5am with some placements around 2.8 and was guessing some pip traders would push it down to that point with a run of 6m orders lined up for accumulation.
I would be cautious about buying above 3c over the next week or so as I can see them trying to push it down to sub 2.7 prior to launch in preparation of a massive accumulation after which they could create some buy orders between 5-15c with sells lined up to offload the larger share base they have got between the high and perhaps 3-4c variance.
THD Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held
