Originally Posted by
blobbles
Hmmmm... I see it differently.
The short run prior to the increase from 1.1 to 1.23 failed to gain momentum and break the 50 day MA. This would usually indicate a slide back or leveling out, would it not?
Then a sudden turn around on the 20th, rising from 1.23 to 1.52 over the next 7 days. This, to me, is an inexplicable 23% increase in SP, 1 week from a major announcement. 360k+ shares traded hands on the share price rise. Far too much of a coincidence for me. The SP has been trading in such a tight range for so long, yet 1 week from a major announcement it shoots up, breaking the trading range it has been in for over a year?
While this can and definitely does happen, the timing seems to be waaaaay off to me. Am happy to be proved wrong, but it smells way too fishy for my liking.
I have messaged the FMA that they should look into WYNs continuous disclosure regarding the timing, will see what comes of it.