TRH 0.00% 83.0¢ transit holdings limited

According to my Bloomberg screen TRH has traded 20 462 554...

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    According to my Bloomberg screen TRH has traded 20 462 554 shares over the last 4 sessions during which it has gone up by more than 80%.

    Tomorrow is the last trading day before the extended Easter break with trading resuming again on Wednesday (lucky people, we get one day off for Easter where I am).

    So, tomorrow we should see a high volume day as investors take positions before the 3 day close down.

    Over the last 4 days we have had a large rise followed by a retrace and another large rise followed by a smaller retrace (today).

    So my prognosis for tomorrow is for another large rise on record volume as profit takers cash in before Easter and new holders climb on board.

    So we should see quite a bit of volatility tomorrow but I certainly expect TRH to close the session at a new high.

    The freefloat is arguably around 25mn shares, 20mn have traded in the last 4 days. This is a bit strange to me as my holding should be considered part of the freefloat and yet it has not been traded over the past 4 days and I am sure there are plenty of holders like me who are holding for bigger things, not a measly 100% profit.

    So I would also expect tomorrow to see dynamics related to a lack of available stock come into play as well which can only help accelerate the SP upwards by the end of the session.

    EB

 
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