FUT 0.00% 1.4¢ future corporation australia limited

monday, monday, page-34

  1. 3,719 Posts.
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    I bought some more at .006 today.

    Like most, you worry that the sell off it due to leaking bad information. However, those selling are doing so in units of 500000, 10000000, 20000000 etc. Also, the sell off is rather orderly (every 10-20 minutes), rather than a large dump as you'd expect if someone was simply trying to get out ASAP.

    I suspect that it is simply instos who bought 0.005 shares. These types of funds will often take a 20% profit, rather than wait around for results and larger upside (and downside). What gives this further credence is the fact that there were no .005 sells despite the .006 buy line being empty at times. They are not looking merely to get out and break even...at least yet.

    In this situation, where I see a risk adverse investor taking profit now rather than sticking around for the final results, as a high risk-reward investor I see it as an opportunity for an extra 20-30% (you have to assume that its not selling, which I have). Might buy some on Wednesday too if there is no announcement yet, and try for a t+3 trade as well (ending Monday).
 
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