Or they could see SP plateued around mid 50s . . . so they have a stradegy to sell and then buy back cheaper in low 50s.
Rinse - repeat stradegy . . . which is something a lot of people do with a proportion of their holding . . . not just insto's.
A manipulative game that can be played until we near the next quarterly announcemeng which will see another step up in the SP.
MGX Chart/Technical Analysis, page-88
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Last
43.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $523.8M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.5¢ | 43.0¢ | $89.22K | 207.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1278 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 58576 | 4 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |