Who's actually buying at this bloody good entry point? I bought a small amount under the CR at 5.3 but this the lowest and weakest it has been since the CR. So once again it is setup perfectly to retrace the gap as the buying depth is paper thin. Today's on-market dumper just kept lowering their bid to get out so I will see who thinks this is a good entry point tomorrow.
I suspect once again the company's communication is found wanting in the eyes of many shareholders. Does the bundling of their announcements represent pure laziness or a degree of contempt, or does it mean they cannot be specific about anything so they just lump all the potential together in a cumulative update. We have now waited two years for a genuine material event so we are well overdue.
What is very clear is the market believes the company is fully valued and is not rising at all in the lead up to the imminent BG results or further expectation of deals.
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Who's actually buying at this bloody good entry point? I bought...
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