Not sure about that. 5c was the recent spp/placement although alot of that went to long term homes some will be keen to walk if they don;t know whats going on.
Around this 5c mark seems the go for now.
If it is someone keen to take a position for a takeover or large investment then they will just take stock when it comes. There have been many million go thru at 5c from offscreen buying. If it continues the plot will thicken.
They won;t want to drive it up to much. To get a large stake first at a low as price as possible will be the go.
I am surprised though by the tactics although it has worked well with over 20 mill shares come out in the past 2 days at basically 5c or under.
- Forums
- ASX - By Stock
- ITC
- something is up
something is up, page-15
-
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)