Please let me give my 2 bobs worth!
What you are seeing is not necessarily nervous sellers but more likely a seller who is also a buyer on the other side of the ledger. What he hopes to do is incite some nervous nellies to actually sell all the while he is increasing volume at steady prices. This works best when trading range is narrow between support and resistance (36c to 39c) and until they have their fill or some serious buyer emerges that destroys this plan it will continue to trade in this range!
Unfortunately there are likely several corporate buyers that will fit this category and they have deep pockets and a need to acquire big volume for clients (sell to) and satisfy Index requirements.
Without a serious announcement (re Lithium) we could expect this narrow trading range to continue for several weeks which no doubt will weed out the less committed holders and achieve the above!
GLTAH
FFX Price at posting:
36.5¢ Sentiment: Buy Disclosure: Held
