Depth is looking rather startling at close. What are others seeing?
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Depth is looking rather startling at close. What are others seeing?
Sorry about the size of the pic, I was in a rush.
Over $10m traded. Biggest since QPE's sell down.
Huge volume and an up day as well
Looking good for next week I reckon
Hoop better update his chart before Monday morning. This could be a pivotal point
[QUOTE=winner69;505585
Hoop better update his chart before Monday morning. This could be a pivotal point[/QUOTE]
He'll probably give us his drifting sideways with weak signals comment (it would still be good to hear it though).
I must admit I've been very surprised with the SUM SP over the last week. I'm still a bit in front riding it up to 2.98 selling and then getting back in. But I really did think that once we had the higher high of $3.02 we were all set for a nice drift up to Q3.
I can't really work out why we had the plunge. Also there is a complete discrepancy between the volumes on the way down and those on the way up today. There seems to be small fish, medium fish and big fish. The big fish currently valuing the company at @2.93, while some jittery small fish were thinking $2.83 a couple of days ago.
Was it Hoop who said he only invests when he has >70% certainty? I think I feel a bit closer to a coin toss with SUM at the moment.
Goldstein remember this is a long term investment which has been having a breather lately as has Ryman, we will see what happens once the election is out of the way and we still have nearly 3 weeks until the Q3 results are due so I'm still expecting a climb between now and then. Other factors to consider are the recent announcements of the possible Oceania and Hercules listings weighing on the market but the big fish showing confidence is a good sign.
That's what I feel too couta1. I can't help wondering what affected the SP this last week. Nothing material has changed over the last week to warrant a ~3% swing each way (unless there is some macro reason).
The other possibility of course is that we've just seen insider trading at work. Some insiders had news of a large sell (getting out beforehand), then others had news of a matching buy.