Australia's largest stock trading and investment forum Australia's #1 stock forum

Day trading pre-market open May 28, page-12

First 12 Last

Share
Profile

Follow
bustermove18

4,998 Posts.

152

28/05/21

08:20

Post #: 53476097
Share

Originally posted by ttward: ↑

IMU - So, I'm perplexed by the auction at close yesterday. Last trade of the normal day was 40.5c. Then at auction buyers bought $30mil at 42.5c. A quarter of the day's volume. It's very unusual. If it was one or two million, I would think they were just trying to push the price back up, But $30mil? I can't imagine you'd put that much money in unless you were very confident it was going higher.

Follow the money? Maybe. Not holding atm but will be watching closely. Does anyone else have further insight on where that money came from?

Expand

IMU - MSCI rebalancing
3 Upvote

Reply

There are more pages in this discussion • 74 more messages in this thread...

First 12 Last

SPONSORED BY