Someone is buying up BIG, I was watching the buy volumes the other day and the was a significant wall at 8O cents and not many sellers beyond than so once the wall was broken then it scooted up 7 cents with little volume. At that rate of buying the buyer would have been paying over a dollar for only another 1 million shares.Of course they hit the stop button and let the Sellers build up again and then start hooving them up again.
I think there is a group out there picking up 20% of the company though different entities and then they will declare there position and announce a $1.20 take over offer. If it doesn't get excepted they will dump a huge number of shares to drop the share price significantly.
Just a thought looking at my coffee swirls this morning.
Someone is buying up BIG
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Last
$2.85 |
Change
0.000(0.00%) |
Mkt cap ! $8.579B | |||
| Open | High | Low | Value | Volume |
| $2.91 | $2.95 | $2.84 | $47.90M | 16.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 187031 | $2.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.85 | 401638 | 11 |
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| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |