BJT babcock & brown japan property trust

what sort of trading is going on?, page-26

  1. 3,760 Posts.
    notreal,

    Remember the 39.5-40 cent resistant point?

    At 40 cents the volume was so thin all the way up to 50 cents. Not a fan of the whole coulda shoulda woulda scenarios but at the end of the day, we are in a traders market at the moment. Add that fact to reasonable uncertainty across the board and the BOT's that where active where the real volume was being done was just hitting the bid and offer lines as was their wont.

    The thin sell orders up to 50 cents and beyond never stood a chance because of this.

    I know what my valuation on this company is. It is certainly not 34 cents.
 
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