WOR 0.04% $13.86 worley limited

Volume around 4 million, usual volume is about 1 million So I...

  1. 7,114 Posts.
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    Volume around 4 million, usual volume is about 1 million

    So I doubt another big Volume day is on the way, considering this one was a pop out of the blue.

    It may just be a quick snap to cover some shorts, I dont have access to live short intrest data.

    But Id say some covering was done today.

    Id say that the pro traders have access to who is short, and when a big player is closing shorts it would be a trigger to buy.

    Mabe some $1 up days are on their way, but I guess it may be all about getting some of the big earners to take a 30% pay cut.,

    That would help WOR meet the cost saving targets, so if the Cost savings targets are met. Its a plus.

    The earnings projections are pretty dismal, so mabe it wouldnt take much to exceed those earnings projections.
    Last edited by ChippyDude: 18/08/16
 
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