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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A trigger for a rise in price would be for the shorter to go and...
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Last
$8.39 |
Change
0.230(2.82%) |
Mkt cap ! $1.325B |
Open | High | Low | Value | Volume |
$8.24 | $8.40 | $8.18 | $5.619M | 675.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 483 | $8.38 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.40 | 1388 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 264 | 8.800 |
1 | 53 | 8.540 |
1 | 500 | 8.390 |
1 | 500 | 8.380 |
1 | 500 | 8.370 |
Price($) | Vol. | No. |
---|---|---|
8.040 | 11 | 2 |
8.130 | 3 | 1 |
8.200 | 137 | 1 |
8.370 | 10 | 1 |
8.380 | 2157 | 1 |
Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
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ELD (ASX) Chart |