NWT 0.00% 11.5¢ newsat limited

Hi Carringbush,Well, based on previous rallies, often once the...

  1. 385 Posts.
    Hi Carringbush,

    Well, based on previous rallies, often once the sale side drops below 100 million, people start buying in anticipation of news. It leads to a buying frenzy and the remaining shares are being picked up quickly. This is because 100 million shares isn't that much for NWT and people don't want to miss out on a potential rally. THAT'S NOT TO SAY THAT IT WILL HAPPEN AGAIN THIS TIME.

    However, I don't think you should expect too much after that if there is no news. There are so many shares of NWT floating around, it now takes a much bigger effort to move it anywhere higher than one tick.

 
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