There is def substantial holdings at some instos - the volume is well beyond retail investors. I firmly believe that late afternoon trade yesterday was a result of Chinese social media getting onto this - and this would tend to be medium-long term holders rather than traders from my experience; which is a good thing. The Tata Telecoms does not mean much to us hear, but as a global carrier they are major; Telstra in comparison would not even pop up on their radar. Momentum is huge on this stock based on daily volumes; price movements up and down run hard. Instos, Day Traders, Retailers, Overseas Investors all seem to want a piece of the action.
We will be back in green shortly...
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