I agree with all you've said. I've been keeping a watch on the trades this week and thinking whether there are any possible arbitrage opportunities.
1. Buy in asx and 2 sell in US. A bit difficult for most and a bit slow. 2. Day trade it on the asx. This may be a goer as the dumpers seem to slam the price down not on open but after an hour or so. I think it would be possible to make around 2c - approx 4% a day.
I'm thinking the dumpers are just trying to accumulate at the lows as they don't seem to dump as much at the end of day.
I have no spare funds available but might even sell some other stock I own to try this out. Worst case if dumpers manage to drive the price down further and my day trading doesn't work I could still keep the stock for the long term.
Anyone else considering this approach?
UNS Price at posting:
57.0¢ Sentiment: Buy Disclosure: Held