The sell side has been stacked for 18 months to 2 years. Not unusual to see 5 million on the sell side vs 1.8 million on the buy side. Of course , the whole time most of the sell side has actually been out of sight ( outside a greater than 5 cent range so you can't see the size or the price on commsec platform ) and they just followed the price up and down. Obviously someone has been playing games for a long time. Coincided very roughly with the STO buy in.
Last week or so , the numbers have evened up considerably and even though the sellers still outnumber the buyers , the price still seems to climbing steadily. This is definitely a different trend from the previous period I mentioned.
What's it mean ? No idea . But I hope it keeps on going !
ESG Price at posting:
87.0¢ Sentiment: Hold Disclosure: Held