Yes, well the sp is totally controlled by institutional selling, and has been for months on end.
I expect when the business is done down at this level somewhere, well head back up fairly quickly and fill in those gaps.
Reasoning:
If your interest is to sell your shares, why gap the price down 30 odd cents at a time and miss all those sales in between at higher prices?
Also, why keep the trading range on those gap down days so small...is it to preserve the gaps between the days??
My answer:
Because we need to do some business at a certain level first, and we'll get those sales on the way back.
This scenario is IMO of course.
Yes, well the sp is totally controlled by institutional selling,...
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Last
$18.49 |
Change
0.240(1.32%) |
Mkt cap ! $27.83B | |||
| Open | High | Low | Value | Volume |
| $18.20 | $18.49 | $18.13 | $58.90M | 3.201M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 56 | $18.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.50 | 25787 | 11 |
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| QBE (ASX) Chart |