Friday was indeed interesting as buy orders were untypically large.
Some inside knowledge there, most likely.
A cautious positioning for an ann down the track would have been done in smaller parcels as there would be no rush to do so.
I saw Friday's buying as the beginning of market realisation that PNO has now entered into a new phase and sales are around the corner.
This week, in my opinion, will see buying spikes again as launch ann can not be far away.
Contract with Crossmark in place, warehouse filled with tubes... the longer the launch is now postponed the more money management will lose.
When sophs are having their hands in upcoming spikes of PNO ( remember that prior to last ann no large buying occured which lead me to the conclusion that sophs investors were not betting on that ann ) a large pre-announcement buying spree is the norm, we might have seen that on Friday which would then mean that ann is close.
- Forums
- ASX - By Stock
- CAI
- is this the week?
is this the week?, page-3
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CAI (ASX) to my watchlist
|
|||||
Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $93.67M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
CAI (ASX) Chart |
Day chart unavailable