BIN 0.31% $3.23 bingo industries limited

Any one any idea why the gap widening between buyers and...

  1. 192 Posts.
    lightbulb Created with Sketch. 39
    Any one any idea why the gap widening between buyers and sellers???? (in favour of sellers). Volumes suggests that today only retailer are at play and looks like all the biggies have placed their bets for past 2 weeks. I think she is going to $2 and more but its gonna take time. Looks like $1.75 to $1.8 is a major resistance for number of reasons (IPO price and also before the trading update on Feb 18, on jan 3, 2019 it made a low of $1.76 it is acting as resistance). March 15 is not very far before management can flex its muscles and try and put a solid floor to Bin's price which in my mind is north of $2. In the mean time iam keeping my powder dry looking for levels closer to $1.6 to jump in again

    Can any spare a thought y management chose March 15 as the date as start of buy back and also what you guys think of the buy back itself will it be done in a phased manner or Will the ceo wants to set a record straight by making one big buy back of large sum??????? just to make a point to Mr market that Bin is not cheapwink.png
    All the best holders
    DYOR
    AIMO
    SS
     
 
watchlist Created with Sketch. Add BIN (ASX) to my watchlist

Currently unlisted public company.

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