Winner123 wrote:hammurabi wrote:Winner123 wrote:hammurabi wrote:Only 28.8 Mn shares are floating in the market. Yesterday over 80 Mn shares traded. Its time to activate NO SELL STRATEGY. CLC may go beyond 100 within 2 weeks.
Unrealistic targets. How come 80mn shares when bil and public shares equals to 68mn?
Very Unrealistic if the public float is high. BIL isn't considered public at CLC. On 7th I'm sure It has to be BIL or LOLC who dumped nearly 80 Mn shares. But the whole quantity was absorbed by similar interests. Who will buy more than 2 Bn worth of shares without any controlling interest?
Ah yes that make sense. Yes bil isnt public. What i said is that it should be loch who disposed may be together with bil. If public abosorbed hard to take back towards 100 levels. What you point here is also definetely make sense. But what if they dispose another 150mn shares at a lower price how that will effect as well.
They can't dispose 150 Mn shares to public. Public can't absorb even a billion rupee worth of quantity. It has to be few bigger hands. Or a remote company indirectly held by themselves.