OK, people more experienced than me can make something of this. Yesterday someone bought over $22million worth of Asciano (AIO), at $1.53. Unfortunately my Acct has wiped the full details of yesterday's last trades, but it was after close. Today this article appeared. Asciano braces for price bounce as union siege ends with Macquarie brokers saying they had factored too much weight into the union's strike action and they thought a bounce of 15% was possible today. Then the union called off it's strike. This only appeared in the paper today, AFTER the $22m purchase. I don't think fundamentals or charts are of much help here, and I don't know whether these two events are indicative of a buy signal or not. Just a FYI if anyone more experienced than me knows which way to jump, or IF it's worth jumping.
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OK, people more experienced than me can make something of this....
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