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Also a benefit to those participating in the SPP to have the sp below $2.50!
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with no expansion of the bubble coming soon.. and the fire about to rage out of control in the US , earning about to report in the USA. It could be that the stock tanks under the 2.40 for a short time and you MAY be able to top up more on market but its a slim chance. Low on the GFC was about 2.50 ish.
the big sell orders have been pulled...
moving back up 2.54... its as vol as ever.. wonderful trading stock.. DISC: we never sold ... sadly... we usually do...
A couple more data points notched up. The VWAP was quoted at $2.40.46 for 30th June ($2.34 with the 2.5% discount) and $250.67 for 1st July ($2.44 with the 2.5% discount). That last figure surprised me with the share price closing at $2.59. However there were a couple of big crossings at $2.39 first thing in the morning that must have skewed the average. If the second part of the dibble theory holds, that higher price should stick for the next couple of days, denying those small shareholders a sub $2.50 entry via the share plan. Let's see what happens.
SNOOPY
if you study the last 10 years of prices you will see plenty of entry points to trade. Well there is now another 10 years to trade and a world that is very very unstable.