If we maintain strength into the close then we should see another gap up tomorrow. Institutional money is clearly accumulating at these levels and I'd expect will continue to do so at higher levels.
If we maintain strength into the close then we should see another gap up tomorrow. Institutional money is clearly accumulating at these levels and I'd expect will continue to do so at higher levels.
Exactly what is required (institutional buying) to push the stock towards $3.00 - they need to get set at a reasonable price and then, they will incrementally add to their position. Bear in mind that Sky is a NZ50 index stock so institutions cannot afford to be underweight when the stock is running higher.
Ogg has gone quiet so hopefully, he has lightened up for his own sanity & help to provide some stock to the institutions.
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