AGS 0.00% 17.5¢ alliance resources limited

Moseley, no one is above 5% otherwise there would be a...

  1. 316 Posts.
    Moseley, no one is above 5% otherwise there would be a significant disclosure notice.

    Trading levels have not been astronomical. 5% is about 17mill shares and only about 20mill were traded for the week. A number of those shares were just going around and around. Remember comments from traders early in the week that the charts said sell because the Bolinger bands had been broken. And sell some did because the price retreated from 31 to 28 ish. I am just as convinced that some would have bought back later in the week. Many shares will be in traders hands and that will no doubt continue. With the relatively low share price even a movement of 2 cents is a 5.7% return.
    There will also be longer term holders who have topped up during the week (I did so twice) and so shares bought this week are probably spread over a wide range of holders.
 
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