And this, my friends, is how resistance works :D
Printable View
Buying pressure coming from NZ, plenty of selling pressure in Aussy at A0.52c
Has anyone heard of the a2 milk shuffle? It happens when in the supermarket milk department, and shuffling a one row of a2 into 2 or 3 rows. Or shuffling 2 rows of a2 into 4 or 5 rows. It makes a wider presentation and looks very impressive:)
Boy o boy 6,000,000 through today so far, lot more buyers than sellers at the moment.
not to rain on your parade see weed but its probably only a new batch of fresh stock they are making room for. Nevertheless better that way rather than the reverse eh!
Wonder what the 5pm boys are going to do tonight. Looks quite stable around 56 to 57 at the mo. At that level above the 30 and 60 day MA over the last year so suspect the TA boys having a go with no further info. Suspect NZ$0.53 to NZ$0.54 after 5pm tonight.
Looks like David Mair has just accumulated 500,000 more shares at .485c. recently. Now they are up about $37,000 so far.:cool: This week.
That smells a little like insider trading to me. Of anyone, he will have a fairly good knowledge of what is going on in so far as early sales success, and the market probably will be aware that he has that knowledge. I know 500k shares is not a lot in terms of total no of shares on issue but he doesn't strike me as stupid even for $250k odd. I'm inclined to move my range now from $0.49 to $0.53 to NZ$0.51 to $0.56 until any further positive news comes out.
My guess is 58c at close, its 53c on ASX at the moment.