A big dollop of shares up for grabs this morning. Almost 700k from one seller. Is this a big transaction for this stock?
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A big dollop of shares up for grabs this morning. Almost 700k from one seller. Is this a big transaction for this stock?
That 700,000 @98 was offered for sale shortly after 4.30pm on Friday when orders are not done immediately but accummulated until the actual close. He/she could then withdraw it just before 5pm. It cross my mind then that Percy is trying to stop the SP rising before the weekend. A small bit of it was actually sold at the close. This morning the balance of 699+k disappeared just before the opening bell.
Seriously, is it a case of someone getting rid of a big parcel, or someone trying to accumulate at a lower price by frightening those wavering holders into selling?
Probably just an institution looking to rebalance their portfolio and / or feed the ducks while they're quacking. Lots of orders are fill or kill by end of business day.
$1.00 in the next month or two!!! Are you after free beer too????
Happy with 94,95 or 96 becoming the new support level. Look forward to the next ceiling.
I brought so many books last Tuesday, at six Auckland publishers, I am running around like a flea in a fit, trying to price them all, and get myself organised for the schools going back next week.