j2, if there were big sells at 1.2c, imho this would be a genuine seller right at the coal face of the sell pile.
watch another sell order there, the 1.7 million at 1.5c, this will move backwards and forwards or be split into 2 lots of 850k as it was yesterday, imho another bogus order.
the orders at 12c and 4c are there purely to make the sell side bigger than it really is, this is a common trick.
as i said, psychological ploy to young players.
wow, look at that huge sell side, better sell myself!
this also goes in waves, SP taken up to 1.5c recently, then buys removed and sell side slowly built up to create the impression of more sellers.
when volume is too low, remove some of the sells and add in a few extra buys. this is how the average accumulator works a range on a stock, currently for GCN, 1.2c-1.5c
when sellers appear to be exhausted they will then work this up to the next range that they choose, perhaps 1.5c-1.8c, we will see.
GCN Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
