Not sure if it's just me but does that sell order for 6 million seem odd? When the buy side is so thin why would you place such a large parcel in one lot and not spread it over a few days in smaller parcels? Unless their objective knowing that it was highly unlikely their 6 million would go through was to drive the price down. Smaller sellers that are large parcels on front in the sell queue begin to panic and in doing so they try and jump to a lower lever trying to exit thus driving the SP lower. It could be a nice way to accumulate some cheap stock by the seller? Anyway just a topic for discussion I'm not saying that is what's happening here more so an opinion & discussion point.
MLS Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)