RAC 2.93% $1.41 race oncology ltd

You can also argue that the buyback has created the conditions...

  1. 522 Posts.
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    You can also argue that the buyback has created the conditions in which BG can continue selling, albeit at a higher level. Imo it's a few birds with one stone:

    • The large sandbags represent a clear defensive line above $2.
    • This in itself discourages the price from hitting the sandbags.
    • It tells BG he is welcome to dump as much and as fast as he likes without worry.
    • It tells wash traders the game is up.
    • It tells genuine buyers to place their orders above the top sandbag if they want stock.
    • It still gives Jarden leeway to pick off any Shaw offers up to the vwap limit.

    1 stone, 6 birds and counting.
 
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Buyers (Bids)

No. Vol. Price($)
2 3547 $1.41
 

Sellers (Offers)

Price($) Vol. No.
$1.49 2072 1
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Last trade - 16.10pm 06/08/2024 (20 minute delay) ?
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