Originally Posted by
Maverick
I've got absolutely no idea on why these big trades get done in such a hurry when they can be done over a few weeks at a better price.
This is interesting, On the 29th of May 2020 the NZX was kept open an extra 1/2 hour so the big boys could rebalance their holdings.
ARV Turnover was flat, SP stayed flat. (poor ol` ARV never seems to get any attention)
SUM turnover went up 4x and the SP stayed flat.
OCA Turnover went up 15x and the SP went up 6%. It was in a solid uptrend anyway and this carried on for a few more weeks.
RYM turnover went up 10x and the SP went down 6%. It was in a short up trend. The day after this 6% SP fall the SP recovered immediately and resumed its up trend.
Today OCA turnover went up 7x and the SP went down 4%. It was in an uptrend.
I think the RYM pattern last year is the most comparable to OCA today. If so , the SP fall today will fully reverse on Monday and the uptrend will continue .
I`m with Snow Leopard and he will be pretty close with his "dream scenario."