Hi Possum and All
Does this bring back memories ?
Have a look at trading June 2014 when Fairview had to sell down due to its Investment Mandate being exceeded (see my note on Melb Pres) ie I think they couldn't hold more than 10% of portfolio in single stock.
6/6/14 Open $1.61 High $1.67 Low $1.33
12/06/14 it banged around $1.30 to $1.75 ish
Now it dropped down as low as $1.10 ish and then in a space of a week the dust had settled $1.4 and then upward onward.
NOW has someones Investment Mandate being exceeded again , from memory $1.6 was a trigger before , now if they did not sell again thereafter, then $4.00 would trigger it again ? easily it nearly tripled. And the perfect time to sell Asx Inclusion $4.45 thanks. Part of the 40 pus million 2 Fridays ago
Now that little kick from $4.00 to $4.45 lets sell em to the ASX 200 INDEXERS or who knows (just like $1.65 up to $1.80) and then whoa down we go to $1.20 (bout 30% down)
so shall we say $4.00 down about 30% bout $2.80 I de say. Now if you were a shorter and got wind of a institutional sell down , well perfect, just roll up and hop on.
Now that's why I was bangin on about SSH NOTICES over the weekend.
What an absolute load of dreamin rubbish Monsters ?
Maybe - just feels like before.
cheers all - sit tight and think mid 2015 - yum
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