guys its one buyer using using an algorithm to soak up stock purely as a trade - on the basis he's already sold at a higher level and appears to buy round 56-58.5 but no higher. Orders get added too, drip feed basis periodically... but he also closes the SP on its high if he can each night as well.
So lots small orders but is concerned the SP not get to low... whats that tell you... broker? fund? friendly?
All 3?
lol
He's obviously quite patient has been soaking it up for weeks.. knows he needn't chase it YET!.
And there-in lies the rub, should we get news on any one of 3 or 4 fronts he will need to either pay up or stop trading.
So whats it gonna be?
For me the longer this goes on the closer we get to market moving news one way or the other. And there-in lies the opportunity!!!
My opinion only
DYOR
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