Two answers Bripoz
1 Someone with lots of shares is forcing price down to buy more and conveniently for them everyone else is getting panicky.
2 Someone with lots of shares believes the IPO may tank and is selling down and everyone else is getting panicky.
Me I keep thinking that even if they only got $350m for Brazil (about $3.50 per share for KarA), @$7.70 still looks cheap.
why is this happening, page-6
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Last
$1.92 |
Change
0.090(4.92%) |
Mkt cap ! $1.539B | |||
| Open | High | Low | Value | Volume |
| $1.86 | $1.92 | $1.85 | $18.66M | 9.832M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 11055 | $1.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.92 | 144289 | 16 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| KAR (ASX) Chart |