Too many day traders? No mate that move yesterday was insto...

Too many day traders? No mate that move yesterday was insto driven. The question is why did we have such turnover? Was it a reason to acquire some shares with news regarding license and production on the horizon. Usually with this movement, some corporate activity is imminent - news or CR. My opinion is both combined. It is the way corporations seem to work within the ASX.

Sure the traders would have entered the fray once the signals were on the radar. However, that would have been in the 8s when volume really went crazy. Remember, from a TA viewpoint, MRF was in limbo and not on alert. Definitely would have struggled to gain attention from trading platforms.