re: free money
Not unusual for the so called "smartest names" to sell out of a small stock. There maybe very good portfolio reasons for selling a stock like DNL for a small turn that has very little to do with the stocks prospects. Note they have made $200,000 on this, which is not small bikies if it is over and above what their index is making.
The colonial microcap team has not sold it below 25.5, so clearly they do not think it is a dog.
In other words I wouldn"t read too much into their selling, there is no reason it can"t rally now that their selling is cleared.
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Last
$2.75 |
Change
0.020(0.73%) |
Mkt cap ! $5.066B | |||
| Open | High | Low | Value | Volume |
| $2.71 | $2.76 | $2.71 | $7.382M | 2.690M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 17561 | $2.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.77 | 30224 | 4 |
View Market Depth
| Last trade - 16.10pm 03/07/2025 (20 minute delay) ? |
| DNL (ASX) Chart |