If Buffett were interested he has a sophisticated enough set up and knowledge that he would have used an existing company he owns to buy on the ASX especially for a smallish parcel.
For a big parcel or the whole company Buffet, to us a quote from The Godfather would just “make em an offer they can’t refuse!” Ha ha!
As to the trading on Nasdaq my world vision is usually shades of grey not black or white. Sure some of the buying will have day traders involved, but not all the buying will be that.
A big part of the US market is made up of very knowledgeable tech and bio tech savvy investors. The US economy is floated and dominated by their smart stocks. There will be serious knowledgeable investors too who are buying and holding the stock .. well the little they can get.
This is just the very first trickle or buying out of the US, with usual pullbacks along the way and some clever moves from the company this trickle can grow in time to something quite surprising IMO.
IHL Price at posting:
53.5¢ Sentiment: Buy Disclosure: Held
