I should add that I am still holding a large bunch of shares.
It was informative this week when the bid was approaching expiry, and the ratio between MIN and NWE broke away from the 1,300:1 level.
I believe that this was caused by hedge funds backing away from the trade, as there was no clarity on the bid extension. When the offer was extended, the ratio re-engaged with a higher volume. Thus my previous comment re the about the traders.
It was also a snapshot of where the stock could drift when the offer expires.
Just a few thoughts over a beer on a Friday pm.
AL
- Forums
- ASX - By Stock
- (ASX:NWE) Among WA Billionaires at foot of world-class gas play
I should add that I am still holding a large bunch of shares.It...
-
- There are more pages in this discussion • 52 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NWE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
P.HOTC
HotCopper
Don Currie, CEO
Don Currie
CEO
Previous Video
Next Video
SPONSORED BY The Market Online