Placement of under 15% of additional shares have been released today on HCH, hence the downward pressure on the stock. IMO this is temporary as people who take up placements often sell soon after. Good time to get in and pick up some shares that are trading irrationally today for anyone interested.
I have picked up some and have used this strategy on many stocks before. It is often very predictable the drop and then slowly returning to the pre drop price over about a period of a week or two. I average about 5% each time i have done this so shows a clear mispricing that the market is making when they release new placement shares to the market.
Placement of under 15% of additional shares have been released...
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Last
89.5¢ |
Change
0.010(1.13%) |
Mkt cap ! $135.4M | |||
| Open | High | Low | Value | Volume |
| 89.0¢ | 90.0¢ | 88.0¢ | $52.80K | 59.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3237 | 89.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 89.5¢ | 1947 | 3 |
View Market Depth
| Last trade - 13.57pm 31/07/2024 (20 minute delay) ? |
| HCH (ASX) Chart |