ELD 2.82% $8.39 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.
 
watchlist Created with Sketch. Add ELD (ASX) to my watchlist
(20min delay)
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
Last trade - 16.10pm 04/07/2024 (20 minute delay) ?
ELD (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.