It was once again obvious, and still is, that bluescope's share price was being very much propped up today.
At around 4.20 there were 3x50K lots on the
buy side with 1k spaced each 2c away. These were removed soon after.
At present there is as usual very little support on the buy side.
Perhaps tommorow we can expect to have the share trading more freely.
I am writing to warn the small investor to take care by not jumping in at propped up prices.
We may not see these prices at this level for a good while, perhaps in a year if profit can be increased. With bluescope about to spend big on a blast furnace reline, it may be a good while longer.
Take care.
propping up occuring
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Last
$21.60 |
Change
0.120(0.56%) |
Mkt cap ! $9.554B | |||
| Open | High | Low | Value | Volume |
| $21.33 | $21.64 | $21.25 | $28.16M | 1.308M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1049 | $21.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.61 | 642 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$21.63 |
Change
0.120 ( 0.74 %) |
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| Open | High | Low | Volume | ||
| $21.35 | $21.64 | $21.25 | 128837 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| BSL (ASX) Chart |