EXS 0.00% 26.0¢ exco resources limited

keen sellers still aplenty!more than half of the sellers (in...

  1. 7,121 Posts.
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    keen sellers still aplenty!

    more than half of the sellers (in volume offered), that is a whopping 1.5m, are offering at prices less or equal to the 72c where we were trading 2 days ago.

    If they had wanted to sell at these prices, why did they not offer their shares for sale last week?

    It is as though there was a mentality of waiting until the formal notice of meeting was released, in the hope that there was going to be a herd of bulls wanting to buy, in order to get the special div.

    I believe that they will get bought but might take a couple of days to thin out the sellers.
 
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