Aren’t we seeing the opposite of ‘accumulation’? (Distribution)
i.e. Steady supply of shares from a single large holder (or small group of large holders), being progressively gobbled up by a much larger number of smaller (mostly retail) holders
It’s typically a bearish set-up, but considering the context in which debt-holders are selling, it provides a rare opportunity to build a position at an artificially discounted price. IMO
Aren’t we seeing the opposite of ‘accumulation’? (Distribution)...
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Last
$8.17 |
Change
-0.130(1.57%) |
Mkt cap ! $2.955B | |||
| Open | High | Low | Value | Volume |
| $8.22 | $8.31 | $8.13 | $21.70M | 2.652M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 129 | $8.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.17 | 11735 | 3 |
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| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |
