ISN 9.09% 6.0¢ isonea limited

ceasing to be substantial holder , page-2

  1. 94 Posts.
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    My understanding is they received 110 mill odd shares 22 Dec. Today's notice was for a sale of 14 mill odd shares on 23 Dec. 86 mill shares changed hands on the 23rf. Did they sell on the 28th when shares went up? We'll find out tomorrow. Did they sell today? We'll find out after New Years.

    Judging by today's relatively low volume and low number of orders, most holders are holding because
    1. good news is expected and
    2. only bad news would let the share price drop below 0.006.

    As it is, the share price may touch 0.006 before heading north again, so selling out at 0.007 now to pick up a few more shares a pip below would be a guaranteed loss maker

    MACD hasn't crossed down. RSI steady. Momentum still up. Trend line not broken. See what happens tomorrow
 
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