To be fair - Serko SP looks currently more on the overbought side. Might go (in the short term) still a bit higher, but might not either. For traders this might be a good time to take profits and wait for the next bottom to re-enter ...
Wait for ASX to open - I understand that much of the placement shares went to eager Australian institutions.
To be fair - Serko SP looks currently more on the overbought side. Might go (in the short term) still a bit higher, but might not either. For traders this might be a good time to take profits and wait for the next bottom to re-enter ...
Yeap I waited for the bottom for my first entry and missed it every time chasing SP from 65c to finally getting in at $3.15. It would be a good stock to trade though, if you were an adept bottom picker...
Yeap I waited for the bottom for my first entry and missed it every time chasing SP from 65c to finally getting in at $3.15. It would be a good stock to trade though, if you were an adept bottom picker...
It's a hard stock to trade as the volume isn't liquidated enough. Hopefully as the CEO sold their shares, that could place more liquidation to the stock.
It's a hard stock to trade as the volume isn't liquidated enough. Hopefully as the CEO sold their shares, that could place more liquidation to the stock.
"A share purchase plan will be offered to existing shareholders to raise a further $5 million, at either the placement price or the five-day volume-weighted average price, whichever is lower."
From the yahoo finance data for period (5 days before trading halt) 17/10-23/10 the average VWAP works out to be $3.60 from my calculations, happy to be corrected.
From the yahoo finance data for period (5 days before trading halt) 17/10-23/10 the average VWAP works out to be $3.60 from my calculations, happy to be corrected.
From the yahoo finance data for period (5 days before trading halt) 17/10-23/10 the average VWAP works out to be $3.60 from my calculations, happy to be corrected.
Wishful thinking mate
The VWAP in question is “during the last five days of the SPP offer period”
sPP offer period ends 15 November
Placement price it will be
Last edited by winner69; 29-10-2019 at 02:27 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Textbook failure at previous high point. Looks to me like institutional investors are still trying to acquire stock in a controlled manner though, so am expecting further medium term upwards pressure on price. Will it have another crack at 471?
Originally Posted by BlackPeter
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