There was a single 10 million share trade made at lunchtime yesterday (@26.5c for $2.65m). Immediately after this the same buyer (probably) started accumulating and pushed the SP up finishing the day at 29c, so $250k up on their 10m parcel. I speculated at the time that it smelt like an insto taking a position. This isn't an uncommon tactic. If this is the case then it's great news for TNT shareholders. They will have done their research and decided that this is a stock they will support. I wouldn't be surprised to see an announcement early next week that will kickstart a run...these things typically have a bit of strategy behind them.
Good luck everyone, next week is shaping up to be a big one in my opinion.
TNT Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
