I don't agree on the leaky ship thing, Ive never seen it once at any of Tims companies in several years of investing or watching.
There is very little free float at DEV. Tim has a swag of very successful investor/ follower/ mates.
It would only take one of them to want a pissy $250k holding in DEV and to want it today and you combine that with ordinary daily buying and bang.
Combine that with the fact that there was always going to be an uptick in interest in the zone after CHNs quite stellar results and run the other day.
Include the fact that in the low 20s DEV was the cheapest Goyder stock but also the one with the least script and I think todays run was always likely to a lesser or greater extent.
The market in every stock is constantly bouncing between over running then overselling....we are just recovering from an oversell IMO.
Chart, page-762
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Last
25.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $112.5M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 26.0¢ | 25.5¢ | $38.02K | 147.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6664 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 100050 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| DEV (ASX) Chart |