- Joined
- 21 May 2010
- Posts
- 224
- Reactions
- 9
did anyone notice how much volume was traded in the last 15 minutes of the day? is this normal? at about 3.55 EST there was around 2.6m shares traded for the day, and by close 15 minutes later there was 4.8m shares traded with some massive volumes going through...what is going on? my basic knowledge of the sharemarket is that some orders are settled between 4pm-4.10pm EST but to trade so much volume in 15 minutes is truly staggering.
What does one do when their caught with 95% Aut 5% others.
Have a big party for all your friends!!
Seriously, here's my take on the general case: The market almost always over-reacts, in both directions. The only way you'll ever know where the top is is to hold until you reach it and sell once it starts to fall.
We are all inclined to reduce risk by taking profits, but it more often than not deprives us of more profits. (One exception: Very illiquid stocks which can fall 50% in a day.)
Something is definitely up.
I'm thinking a takeover might be brewing.
Crosstrade went through afterhours at 6.13pm for 1.3 million
Actually more like 1.6 million
View attachment 38910
Awww why the heck did I sell out at 1.22Sorry guys but fingers crossed there is some profit taking next week so a certain someone can jump back in!
I'm only speculating, but my guess is that AUT is attracting an increasing amount of attention due to the spectacular results over the last year or so, and since its recent addition to ASX300, lots of people are taking a first look at it, seeing the last year, analysing the current situation, saying "Wow" and wanting to jump in. I think that's the explanation for the recent rally, and today being the end of the week, a large number of people who were hoping for a pull back decided to jump in at their last chance for the week, fearing the possibility of interest growing over the weekend and AUT opening higher on Monday.
Great day today! I watched the depth off and on through the day, twice I started posting here saying something along the lines of "Wow, check out the depth! Looks like we might be in for a run to $1.2x" and before I'd had a chance to post we hit it! A lot of the time there was so little on offer between the current price and $1.30, so it's no surprised we made it to $1.295 and held on to the end
Dancing bananas indeed!:jump: :bananasmi :bananasmi
What an interesting day. On the back of this week's impressive gains, I was planning to take some profits this afternoon. Just minutes after my order went through at $1.29, things went absolute bananas with AUT. I smell something is up here. On HotCopper i thought it could be a sub holder moving shares around, but on second thoughts there could be a sneaky ADI-like lowball offer on the cards here. I hope not for holders sake because this stock is a gem.
Monday will be interesting, to say the least!!
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?