If I didn't know any better I would think that the buying is being coordinated. So every day ( well almost) the mid day is up and the sales and buys seem to come from off screen almost leaving the listed buys and sells intact. Then as we finish the day the closing price drops back to around 60c. No competition just mopping up it seems.
I must say today also was the first day I have seen sales go through Chi-x - that is also a sign that the business is getting a larger audience.
What I do like is the buy side that's building and who must be a bit frustrated as it seldom gets hit.
Anyone else have any thoughts?
PGC Price at posting:
60.0¢ Sentiment: None Disclosure: Held
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