market today cruel teacher for many vpg trader, page-11

at one stage the match price was 0.06, the buyer had complete control as the seller listed the 50 million odd shares and was prepared to sell for as low as 5c.

not sure why the buyer ended up paying 7.3 when clearly he could have got them much cheaper, unless there was competition.

It appears there was!!!

if you look at the depth in oblong123's post (below)
you will see close to 100 million shares on order trying to snap up the 50 million shares being sold.
1 of these orders at 7c the other at 7.3
oblong123's image

the 7.3 order got filled and the other persons order missed out and was pulled shortly after the auction closed.

what this tells us IMO is that these people were happy to purchase this large volume at the around the 7c level and indeed competing, and should prove to be a strong level of support.

Most of the shorting of late you could now conclude were the very people disposing of their stock today, and hedging the loss from dumping so cheaply

Having said that, you would imagine a sharp move back to 7.6c at least on the open on Monday if not more, and trend up to the 8's over the next day or so

overall with such a large dump and to loose less than half a cent is fantastic and very reassuring to those buying at these levels