That is also my understanding but then again I made the same...

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20/02/20

17:57

Post #: 43053794
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Originally posted by woogiee: ↑

my gut feel, and this is purely my personal instinct on the basis - I haven't reviewed trade details (quantity, value , party) is that today's trading was based on the following:

early buying from long term watchers waiting for confirmation of forecast, and opportunitic day traders for pips.
countered by selling of mid term holders with CGT concessions at a 100-260% profit.

the run back down possibly exacerbated by shorts taking positions early at 330+, and then pip traders of the morning also jumping ship with stop losses.

then consolidating back up to near open, when market realised the value on offer , backed by positive BIN update and fundamentals.

the only thing that will concern me, is if the trade data shows any big transactions >$1M + from multiple sellers, and especially the case if we see any insiders selling shares - which will trigger 3Y's shortly.

take the above with a grain of salt, as it's purely my guess on today's trading via mobile app.

I'm not going to go as far as to guess the short term movement here, but I am not seeing any need to panic, or reevaluate my long term holding here.

cheers

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That is also my understanding but then again I made the same rationale when this happened to the company below. Massive suppression on the way to the top.

Certainly not panic stations just yet but will keep a very close eye on...

BIN Price at posting: $3.17 Sentiment: Buy Disclosure: Held
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That is also my understanding but then again I made the same...

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