Every time the top holders are announced, the register gets tighter
So anyone wanting to buy will have less sellers to buy from as time goes on. Thats the reason it moves quickly when it moves - the sellers have gone. You end up with traders buying at 5, selling at 6 for 20% day trade etc - but look at the real holders of the stock - they are not selling.
The next things on the agenda are:
- Long Term Incentive shares (management buying at 4,6,8 cents), - March quarter's 4C, looking to show the increasing trend in revenue - then the annual figure which will show another improvement as the interest component has now fallen substantially and revenues have increased
PHG Price at posting:
20.8¢ Sentiment: Buy Disclosure: Held
