Down 4.3% today on 23m shares...ASX and Chi-X...hardly someone dumping.....!!
The chart below is performing to my expectations. Corrections are to be expected and those would buy the dips, benefit from the up swings in a trend.Volume has dropped off significantly on the correction which is a good sign. I would think that the first clean light order or finance sorted will have the buyers back and the next wave higher will take us above 10c.
Someone seems to be deliberately pushing the stock down in the matching period on very light volume.
Perhaps they buy all day at 7c and sell a small percentage at the close to keep the price down to accumulate more tomorrow.!!!
Ann: LIFX Breaks Record for Orders of Smart Lights - A$10.5m, page-99
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