Just looking at Comsec and it states that there are 76 people wanting to buy 20 odd million RAU shares. In comparison there are 251 people wanting to offload some 28 million shares.
So there are more shares up for grabs than are wanted.
HOWEVER
The people wanting the shares want much bigger parcels (more than twice as much as the sellers are selling on average).
I'm intepreting that as deeper (smarter?) pockets seeing value at these levels as opposed to the little guys trying to get out of a down trend.
Would others have another interpretation?
Spartz.
BIG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
