Yes, the trades have been very civilised in the past couple of days. Yesterday it actually looked like a 'normal' stock, with some gradual upwards trades at a relaxed pace. As you say, the big sellers were probably having a day off (perhaps consulting with their lawyers re. Opez / ANZ or their bank to sort out margin calls on other stocks).
Today's first trade was a biggie ... 1,621,490 at 12c !!!
Thank goodness that didn't hit the general market, the same buyers (with some good strength) are still there, with no significant damage done to the SP.
An inter-broker trade you'd think? Very nice of them to arrange the buyer & seller for that kind of transaction, without it hitting the broader market.
Yes, someone wanted and/or needed to sell that much, but at the same time it proves what a bargain the SP is, that there was a willing buyer ready to grab it.
In the meantime, the SP is likely to meander until some significant news (there's got to be some soon, surely?!).
Cheers.
PLT Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
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