IMO, a broker has been doing the calls, to accumulate enough sell orders, amongst their clients and other, for someone to accumulate sub 5% in 1 trade, as we have seen.
OR
we have the exact opposite.
We have a long term large holder wanting to get out, and that broker has be calling around to find enough buyer to fulfil the sale, after market in a cross trade, as we have seen.
The future SP is Depending upon each scenario.
either someone new wants to get in OR someone old wants to get out.
With POO rising and a shortage of gas for GLNG, my bet would be someone wants to get in
now they are in, do they sit and wait or do they want to accumulate more for a squeeze eg BPT.
At least Senex is now becoming interesting. as the past 4 months now its been... hit the snooze button for this stock. I think its heating up now, and maybe Beach or Santos are behind this .......IMO
SXY Price at posting:
27.5¢ Sentiment: Hold Disclosure: Held
