The Maxi-Cash share price move up today. Price move up +8% to S$0.475 at crazy volume of 109 Mils shares
IMO, this is definitely a covering of short position for the last few days trades. Shortish are losing badly.
Observations on the volume distribution
- Buy up > Sell down with ratio of 3x-4x, at most of the day
I assume the market price will stabilize next week.
(29-06-2012, 05:21 PM)propertyinvestor Wrote: [ -> ]Can short some more
Yes, with the volume of 109 Mils today, it does mean shorting is happening again.
Never ending story...
The Maxi-Cash share price stay put today. Price stay @ S$0.475 at volume of 25 Mils shares
Observations on the volume distribution
- Buy up > Sell down with ratio of 2x generally
Today trade is at reasonable volume, which is below the estimated floating share of 45 Mils shares.
wow....u seem pretty interested in this counter......
Interested but no deal...
The Maxi-Cash share price stay put today. Price stay @ S$0.475 at volume of 11 Mils shares
Observations on the volume distribution
- Buy up > Sell down are quite even
The highlight is high volume of big transaction (>100 lot) in the morning, approx 4.5 Mils shares which is approx 40% of today volume.
The Maxi-Cash share price move lower today. Price move down by -3.2% to S$0.46 at volume of less than 5 Mils shares
The volume stabilized and price started to adjusted down.
The Maxi-Cash share price move further lower today. Price move down by -1.1% to S$0.455 at volume of less than 9 Mils shares
The volume continue to stabilize and price continue to adjusted down. But generally Mr Market is optimistic on Maxi-Cash with a supported historical valuation of approx. PE 45 and PB 2.2