Originally Posted by
Maverick
I guess DavF that's what we are all wondering.
I'm not sure if he has to even notify the NZSX of holding shifts anymore now he's left his position and not a substantial holder.
The biggest short term threat to the whole sector right now has shifted to now be a combo of Covid and construction costs and supplies. These issues should affect all the players equally.
So looking at others, let's just check how they are faring from their recent months of SP highs (or in RYM case , new base level.)
RYM +2.2%
SUM -2.3%
ARV -2.8%
OCA -6.5%
Looking at the tiny buy parcels lined up it seems to me someone/s has placed a big sell order off market with the brokers soaking up the buyers before they get to our public market. Then they are all periodically processed in off market lump sums, usually in the later afternoon just as it is doing today. Just looks like the buyers aren't making it to market to me creating a buyers imbalance.
So logically for me , yes, Mark is highly likely to be continuing the pattern of selling as he has already started, (Earl hasn't to my knowledge but , as with Mark, I don't even know if he has to notify the nzsx anymore).
OCA is currently the SP biggest loser and I don't see any logical reason why it should stay in the dog box once the selling has been satisfied.