Not sure about your first statement.
most of us who were fortunate to buy at the levels you quote will be holding comparatively decent holdings and won't want to be selling for peanuts (32 ish) when, as long term holders, we well understand what is ahead. I will look at selling off some at 80ish to freehold and book a sizeable profit. I would be surprised if its long term holders selling.
as I have said previously, I also trade this knowing that volume is up, and there are big swings - so volume will also be traders as well as some of the new CR holders happy with 10 per cent in a day or two. I dont expect they will be big sellers when there is only 1 or 2 cents in the kitty. I expect it will improve back to 33 and 34 and likely sit around that mark (and a cent either side for manipulation purposes) for next week or so - unless there is an announcement
as per Keating, it was the CR we had to have.
Not sure about your first statement. most of us who were...
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Last
37.0¢ |
Change
-0.010(2.63%) |
Mkt cap ! $669.7M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.5¢ | 36.0¢ | $3.051M | 8.277M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 465836 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 301865 | 3 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| BOT (ASX) Chart |