Am surprised it is not up more, TradeMe looks to have been sold at a great price and removes the capital raising fears. I do suspect a leak after the unexplained 10% rise last week, UBS did the raising, no more to be said on that matter...
Any thoughts on whether shorters could still be trying to keep a lid on it to cover in the 40's, or is it last weeks "lucky" buying that pushed it to low 50's now jumping ship.
Would like ASIC to take a look at who did the buying last week, Blind Freddy know what happened IMO
FXJ Price at posting:
51.0¢ Sentiment: LT Buy Disclosure: Held
