In the past hour of trading (3:50pm to 10:50am) over 1 million shares in BLG have been snapped up with out moving the price. (Yes - I know - the sell price did come down in the last minutes of trading yesterday)
Some big sale orders popped up late yesterday afternoon. Note sure of the rationale, but they were potentially trying to put a cap on things as BLG was heading over the 10c mark where trading moves from 0.1c to 0.5c moves on many trading platforms. What ever the reason, those sales were cleared this morning without shifting the price.
Since the trading halt, there has been steady buying in nice bites (i.e 100k). The buying is generally patient, reluctant to move the price. The buying has been confident given the size of the buy/sell gap (often 5-10c). Not many small investors are happy to buy and then loose 10% minutes later.
After the last spike in BLG last year, there would seem to be reluctance to follow the share price appreciation. I guess many, including me, have found buying BLG is best done with low orders and let the market come to you. Perhaps times are a changing.
BLG Price at posting:
9.5¢ Sentiment: Hold Disclosure: Held
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