U might have noticed that the market in the RAU oppies seems to have been cornered over the last few months. Very few come into the market and only with a very rich premium. The same thing seems to have happened to the shares. In July the very strong run up to 4.3 took 50 to 100 million shares per day. The current run that started up from 2 has been running on around 5 million shares per day. That is about one tenth of the previous volume. Where did all of the shares go? IMHO we have a number of very astute investors who have sucked up most of the daily supply.
IF these folk were daytraders we would see millions come back onto the market. Looking for more positive upside AND on lower volumes.
BIG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
