TXN 0.00% 58.0¢ texon petroleum ltd

There might be something in the wind yet, RJ.I rarely write that...

  1. 1,370 Posts.
    lightbulb Created with Sketch. 3
    There might be something in the wind yet, RJ.

    I rarely write that something's about to happen -- mainly because I'm the last to know :-)

    But look at today's trades. TXN was a ghost town until 3:30pm, when a consistent stream of a dozen trades began -- the entire day's volume of 130k shares. About 1/3 of these were cross-trades (but not sure if broker trades have significance here). Also, though difficult to tell after hours (buyers/sellers pull out their trades), the sell side is much lower than usual, quite close to buy volume.

    Maybe this is nothing, but the unusual volume characteristic along with 4% price jump might mean some news is on the way after all.

    But please DYOR.
 
watchlist Created with Sketch. Add TXN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.