Not sure if we are seeing genuine activity here, but most trades over the last few days have been at market buys...what's more, they have generally been buying against the depth.
In fact there have been very few sellers at all recently.
Seems to be money moving into anything "broadband" at the moment, so we may simply be seeing this sort of activity.
At least the charts look reasonable, are trending up and trading at 2 year highs, so might be worth a trade...who knows, it could even do a MUL and go for a bit of a run if it gets through 2.8c
Oppies seem to be lagging a bit, especially with an expiry of Jan 2005 and excercise price of just 1c...so it would appear the market is not sure if the current price will hold. Regardless, I picked up a small parcel yesterday at 1.5c, just to keep my interest.
I suspect that if the FPO's hold 3c..the oppies will catch up pretty quickly!
Cheers!
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Not sure if we are seeing genuine activity here, but most trades...
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