Buy rate only 35% in the morning, seems force selling rather than holding...whether to push this stk or not merely depend on your so call "big shark" to buy back...
likely game over for the time being. they already made lots of money. past 2 weeks pattern indicate distribution next q results 4 months away. 3q will still be bogged down by impairment overhang which is already a known fact. aim for banking licence also said ny mbsb mgt NOT a priority
Also, its not distribution. If distribution the volume will be higher and the price will fluctuate more. What you have is big traders selling, retailers and long term big boys collecting and supporting before next wave up.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
SamuelLuke
2,020 posts
Posted by SamuelLuke > 2016-08-15 16:40 | Report Abuse
Seems like everybody running....