Wouldn,t profit taking be done at $4.50 , not 2.60 ? Just asking ......
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Well I tell you pie selling out was a big surprise to me - I followed the smart money and sold out until results come through
double edged sword for pie they get a share boost when they announce a holding in a stock and get the reverse the other way.
$2.50 sp breached so it's all the way down to $2.00 from here?
Doubt very much it's Pieman still selling - at current levels, they are able to sell stock via crossings and at higher levels (first $2.50, then $2.65). I think it's those who follow the Pieman now jumping out.
Fascinating interplay of who knows what (or not) and how they are playing the game.
So has TIL shut off the information flow at this stage to the analysts and funds who make regular calls on the company until they provide an official market update (which could be negative or could be positive) - spooking PIE to 'rebalance' their portfolio?
But then, who are the ones picking up stock from the Pieman at decent volumes? Are they buying on more 'informed' basis?
very clear down trend channel in play bottom at 2.30
Pieman probably done OK with Trilogy
He was buying pre Sept 2015 at under $1.30
Next newsletter he might even say that the ones they still hold (if they hang in there) are free ones
Cant figure out the trading pattern today...A lot of about 500 shares changing hands every five minutes. Can anyone clarify this please...
Amended SSH from the Pieman :
2,666,081 Ord Shares Purchased between NZD2.82 and NZD4.67, totalling
NZD9,889,081
4,026,873 Ord Shares Sold between NZD2.50 and NZD4.97, totalling
NZD12,755,914
So looks like PIE started selling a while ago near the top of the market for TIL last year.
Wonder if they have been massaging the purchases and sales to avoid the 1% movement disclosure threshold.