I stared at the chart for a long time over the weekend and thought about selling out and banking a modest profit. Then I thought about the share buy-back.
If anyone wants to drive the price down they are only improving the equity position of remaining shareholders because the company will only end up buying back more shares through the share buy-back. The sophisticated traders can withdraw all demand and let the company absorb supply through the buy-back and we the shareholders will benefit whether the price goes up or down. I guess that is the reason why the shorters have not been willing to take a punt against the share price during this bear run.
I stared at the chart for a long time over the weekend and...
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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 |
View Market Depth
| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| BSL (ASX) Chart |
