Just having a think about what all of these crossed trades have been of late and they are fitting into my theory of a new entrant into the race. Here is why:
Ok, so we know that the top 20 must be due shortly. We also know that companies often use different subsidiaries to purchase shares so they can go under the radar for a small amount of time.
Ok, so what if whilst EXT have been compiling their new top 20, they have put together that a new entrant has been accumulating (and now has above the compulsory 3% level which needs to be declared) and has requested that this new entrant transfer all of their holdings into one account so that their actual position can be announced to the market. just a thought. any opinions?
EXT Price at posting:
$4.26 Sentiment: Buy Disclosure: Held
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