ELD 0.22% $9.17 elders limited

A trigger for a rise in price would be for the shorter to go and...

  1. 13 Posts.
    A trigger for a rise in price would be for the shorter to go and play elsewhere. There has been one dogging this stock 4 out of 5 days for the last few weeks (Fri 19/2 30%, Tue 23/2 36%, Wed 19%, Thur 28%, Fri 26/2 20%, Mon 1/3 10%, Tue 27%, Wed 26%, Thur 4/3 5%), (http://www.asx.com.au/data/shortsell.txt). He has very deep pockets and is very persistent. The stock price is currently being set in staff meetings - not by the market. A better guide to the real trend of the stock is ELDPA (The Elders hybrid) which is continuing to rise.

    The only upside is that the last time this happened co-incided with a new (upward) notice of substantial holding. Possible (repeat) target of mid to high $1.20's - would be a screaming buy at those levels. He is continuing to reload/drip feed sells at current levels of $1.31.
 
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Last
$9.17
Change
0.020(0.22%)
Mkt cap ! $1.449B
Open High Low Value Volume
$9.02 $9.22 $9.02 $2.038M 222.3K

Buyers (Bids)

No. Vol. Price($)
1 1084 $9.16
 

Sellers (Offers)

Price($) Vol. No.
$9.21 1008 1
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Last trade - 16.10pm 29/08/2024 (20 minute delay) ?
ELD (ASX) Chart
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