I think there is a good chance that institutions are scrambling to get enough of this stock, as it entered the SP300, and then the MC went up 33% due to the crap raise - so for index hugging funds it is soon to be 33% bigger again.
Once they have enough and once the holders have their extra stock and can sell - might be a great temptation to do some profit taking for a month or so. I'll not be surprised if goes back under 40c in November.
I'm on a 7 bagger with this stock - or my wife is . . . hope she doesn't leave ;-)
up strong, page-22
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Last
$4.82 |
Change
-0.030(0.62%) |
Mkt cap ! $1.964B | |||
| Open | High | Low | Value | Volume |
| $4.80 | $4.86 | $4.80 | $2.029M | 420.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9983 | $4.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.85 | 4497 | 3 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| INA (ASX) Chart |