NEA 4.30% $1.58 nearmap ltd

Selling stopped?

  1. 569 Posts.
    lightbulb Created with Sketch. 207
    Hi all,

    Last Wednesday's trading was remarkable for 3 reasons:

    1) Largest volume for 7 weeks,
    2) apparent panic selling continuing (SFI induced?) and
    3) Morgan Stanley absent from the market.

    Paradice has/had been selling down through Morgan Stanley....dominating the sell side every single trading day since Jan 14th. Except last Wednesday. On the biggest trading day this year, they were a complete no-show. It also looked as if they were running out of puff on the Tuesday when they did only 552k of the total 3171k.

    So either Paradice are no longer happy to sell at these prices or they have handed the selling to another broker (possibly UBSW?). But I suspect they may be done.

    And congrats to the punters operating through one of the brokers on the Pershing platform; they picked up a total of 1.169m at an average 53.35c.

    Bring on Wednesday.

    Cheers
 
watchlist Created with Sketch. Add NEA (ASX) to my watchlist
(20min delay)
Last
$1.58
Change
0.07(4.30%)
Mkt cap $668.0M
Open High Low Value Volume
$1.52 $1.59 $1.50 $1.471M 958.9K

Buyers (Bids)

No. Vol. Price($)
2 8945 $1.57
 

Sellers (Offers)

Price($) Vol. No.
$1.59 23290 3
Last update - 16.10pm 13/12/2018 (20 minute delay) ?
(live)
Last
$1.59
  Change
0.07 ( 5.40 %)
Open High   Low Volume
$1.53 $1.59   $1.50 209312
Last updated 15.53pm 13/12/2018 (live) ?
NEA (ASX) Chart
GET SUPPORT arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.