SWC is 97.80% Institutional Held and today was a fine example just how the whole market would react should we see a stock market crash.
They sell before the market opens and the retail investor is left in the cold. His only chance was to sell the day before at 18.00. Do you see that gap in the chart from 17.10 to 18. That will have to be filled The price will go up to fill that gap 95% of the time.
It's fine for a lot of us as we try to build a more significant positions.
They say the SA big 3 miners strike offer is the same one they offered 4 months ago, Just repackaged I hope the miners stick to their guns and continue holding out. But their union is being pressured so bad now by the government as the whole country is on the verge of depression because of it. Their union is caving in today.
The miners are starving and the big 3 companies are trying to starve them out.