The timing of the announcement after such selling makes me wonder.
Does anyone know what the buying support volume was, at 0.003 just prior to the selling??
60 odd million shares is allot to dump into a support line and not break it, especially if a bulk of that volume wasn't in the support line to start with, then who had an instant sentiment change to buy at such volumes? without any announced positive reason.. Announcement comes out, selling stops.
I'm only speculating here but a large holder may have been misinformed about something negative to be announced as it seems odd that so much volume would be sold and then bought out of context simultaneously...
Given the volumetric sell down, before I opened up the announcement I was expecting it to be bad news and that the earlier sale volume represented a potential leak of bad news. Perhaps I just have an over reactive imagination.
So was anyone watching close enough to see what volume was initially supporting it at 0.003???
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