Good thing I'm only eight years old. By the time I'm an old fulla like you guys it may have gone back up to 160.
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Nice 5% rally today for end of week and a decent volume traded as well :-)
106 at close with big volumes and strong buying-looks to have turned as it had to sometime
Thank you God. Thank you all of the Gods. I needed the money. The other kids said they were going to throw me out of the sand pit if I didn't pay them protection money - It's not easy being a Titahi Bay boy.
And a particular thanks to the Gods ,AIA went up 5.9% on closing. Phew.
Those holding stocks on revenue account could be rebalancing, but those 800 thousand odd shares at $1.06 were sold by someone and bought by someone. The buyer sure is in a hurry to accumulate at this higher price, the seller wants to get out. If I didnt know better, it looks like someone is looking for a position from which to launch a takeover. But I think it would be unlikely, as Arvida was up as well. After the selloff over the last few months and the oversold position, I think the sector will come back in favour at these lower prices.