TAP 0.00% 7.8¢ tap oil limited

failure of corporate strategy, page-50

  1. 269 Posts.
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    It clearly explains why someone parked a huge wad of shares for sale at 34.5c in the after market. These huge orders were visible across all stocks moving indices. In some cases the opposite side covered it, in TAPS case the buyers were too nervous.

    Although the rebalance was announced 2 weeks ago, as an index fund you cant buy or sell then because otherwise, well, you are not following the index.

    Intra day trade clearly requires another explanation. I agree with Coopec that the nature of the selling is exactly like we saw for weeks on end last time M&G were selling.
 
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