Jinq - That 2.5 mil seller - placed at a time of day in trade when it would have been near impossible to sell that volume - from ONE seller - tells me this.
- They weren't serious about selling.
If I wanted to unload my holdings, putting that sort of volume essentially would "cap" buyers - a smart seller would unload in 500k portions as to not alert the market and buyers.
Sure, would have cost them an extra what, $60 in Comsec fee's.....whoop di do when you're talking over $100k in shares.
That was a calculated dump that did what is what meant to - cause fear and doubt in Nervous Nellies - and it cost them what, 300k shares to do so?
There's a saying - a fool and their money are easily parted - so we're just seeing the easily fooled get fleeced here, thats all.
NWE Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held