Hi Jagmans, I have not doen a pattern analysis but my understadning is that these machines work on the VWAP (Volume wiehted average price) so the can follow the trading up or down but continue to nudge things in the direction they want. the fact that the BOT packets have increase in size could mean either that the VWAP has come down so they increase the size or they are accelerating the accumulation. The purchaser seems to have requesed a total price of no more than about .53 (perhaps less). Very costly acquisition (unless they are not paying borkerage) but the ASX has its cut every time a transaction takes place (dotn knwo how much). So what does this tell us ! Pretty obvious to me. The cost to acquire these packages is immaterial compared to the perceived gains for theis accumulator. Conversley if this is just for trading then the "trader" would have to induce bigger swings IMO to make this profitable (due to lack of volume). As we all know the price has ranged btw, for the most part 0.5 and 0.54. I dont think this is for trading purposes I really think it is an accumulator. Simple reason being that it is pretty obvious to most that this stock is way undervalued. Thats a fact. I think us holders are in for something interesting. I'm all set. I will sell (to free carry) however if it gets above fair value though. The free carry can then go on into the horizon on this baby
CQT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
