How carefully did the VP word his statement? I believe that he believes what he said, but I also think that large holders are shifting.
The Soros fund traded down its ownership a few per cent over the last few quarters. But I think they and other players are just taking advantage of current sentiment to lower their average cost. Marengo isn't really updating the holding lists anymore so its difficult to get a clear picture.
The stock isn't widely held so its unlikely that such a large jump in volume could be supported without a round robin of trades from current large holders or a new accumulator.
Who knows?
potential downtrend reversal chart break, page-40
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MMC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
78.0¢ |
Change
0.020(2.63%) |
Mkt cap ! $87.34M | |||
| Open | High | Low | Value | Volume |
| 77.5¢ | 78.0¢ | 77.5¢ | $112.1K | 144.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13520 | 77.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.5¢ | 5890 | 2 |
View Market Depth
| Last trade - 10.25am 03/07/2024 (20 minute delay) ? |
| MMC (ASX) Chart |