You can only offload millions of shares if there are buyers waiting to take them off your hands. I reckon the institutional buyers are climbing into this one based on the assumption that Tito will go with 50bps and two days later the results will be excellent. Could be wishful thinking, but this share has been very good to me recently, so I'm prepared to hang onto it and ride out the interest rate bump. Besides, I'm told fundamentals for listed property are still positive in the long term.
grandmaster I don't see support at 48c but rather at 50c.Been trading in the 50-54 range since around end March. Now that it has broken thru 54c, I see next new support at 52 and resitance at 55. Volumes picking up. Definite potential for a nice break upwards. Gotta watch like a hawk.