Since the release of the Investor Update last Monday afternoon 31 May, the price action has been manipulated by the big boys.
I am amazed that the share price has barely moved on the back of the update ! In my opinion, we are witnessing the final stages of flushing out any remaining weak holders. We will see how many of the larger orders (>300k) above 6.5c are actually genuine.
I have also noticed that the seller/buyer ratio has blown out to greater than 3.5 In much worse times this ration was between 2 & 2.5 !
When the boys are ready, the share price will back in the 7's very quickly.
GLTAH
SE1 Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held