Wow, just wow.
You do know that for someone to make a sale there also has to be a buyer right? That it is a zero sum game? So the "boys" buying were at least as big as the "boys" selling.
AND... the buyback is shrinking the register by almost 35% isn't it. So there will be 35% less shares to buy, borrow or short. And the remaining 65% get the increased earnings and dividends. Imagine having such a large increase in EPS baked in with the year just starting...
And may I add that in the timeframe where you suggest that the "big boys are distributing" the aggregate move in the share price was an INCREASE of $0.01. Sept 30 price $9.01 and Oct 31 price $9.02. So the net effect of your "big boys" was an increase in the share price. It actually went up. Wonder why you did not include that in your post?
Cuppa
Caution, share price is too high, page-893
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Last
$6.81 |
Change
-0.110(1.59%) |
Mkt cap ! $5.697B | |||
| Open | High | Low | Value | Volume |
| $6.92 | $6.95 | $6.76 | $23.52M | 3.453M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 375 | $6.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.82 | 42929 | 5 |
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| Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
| WHC (ASX) Chart |