I suspect pushed up beginning of June then given another leg at the end of August.Makes the offer at $6 look cheap.Hence my comment ",the price after the book build":)
And Trilogy ?
Printable View
Done and dusted.Trading halt lifted.Shares sold to a mix of retail and institutional shareholders. Hoping for the s/p to not fall far today.Did anyone get offered any shares from their adviser/broker?
Opening @$6.00 $6.01
Now $5.75!. what was the placement done at???.
Yip...I bought in for a quick trade the other day, now sitting on my biggest unrealised loss I have had...:-(
The timing of the float is regrettable..it's never a good idea floating during a down wave that looks like the death of the 6.5 year old ancient bull.
Crafty buggers setting the float price around $6.20 as that price and down to $6.10 will not cause any Technical breaks...Maybe I gave them too much credit.....the book build at $6.00 will trigger TA sell signals....
Mr Market is not stupid and this float action is viewed as not a great proposition and Mr Market has priced it below float price...At $5.80 this morning the great looking chart before the trading halt has suddenly broken down and firing of sell signals...The trend is still intact, breaking $5.60 would end the present bull tide....
....so I would apply the investing law .. don't buy near resistance levels, buy near support levels with tight stops..Buying on the $5.60 support would be hazardous to your financial health as it could gap down if broken ..beware
No , true..but it has...fallen to 5.79 but seems to be bottoming out for the time being..
I would apply the investing law .. don't buy near resistance levels, buy near support levels with tight stops.. Well well well $6.00 was meant to be the support floor and an attractive price level to buy into the float...however the plans of mice and men went astray and now the $6.00 is the the ceiling, a resistance point and so theoretically not an attractive price level to buy into the float...
Disc:....TA kicked me out of my final remaining share yesterday...All in Cash now (apart from the 2 dogs in my bottom draw kennel)
Monumental stuff up for holders; with com com decision to come.