Yes and no, in my very humble and novice opinion.
Short term traders may be happy with their profits and clear out.
Bigger holders tend to be more willing to sit and wait if they know they are onto a good thing.
With the buyback happening and incredible free cash flow, I don't know that we'll see too much big selling.
People with enough clout could try a move like the following:
Drive down prices as far as possible, buy in and ride the buyback up.
I suspect that was some of the price action we saw in December.
Ann: Daily share buy-back notice - Appendix 3E, page-8
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Last
$20.87 |
Change
-0.080(0.38%) |
Mkt cap ! $9.019B | |||
| Open | High | Low | Value | Volume |
| $20.90 | $21.18 | $20.81 | $22.97M | 1.099M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9649 | $20.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.88 | 4334 | 2 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| BSL (ASX) Chart |
