Wasn't there a table in one of the announcements that said something like the top 100 or 200 held 80 odd percent of the company?
I don't like quoting numbers without the source but I can't seem to find the exact announcement. Whether it was an ASX release or part of a slideshow for a conference.
Anyway my point is if you expand from top 20 to top 100 or so it shows that actually there are very very few investors in total and are probably all looking for the big gain.
TMT Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held