I don't think the selling came from 0.5. I haven't got a snapshot to check but my recollection is there were about 19 million to buy at 0.4 and about 11million to sell at 0.5 at the start of the day. Also I think around 53million in the sell depth.
At the end of the day there are 13 million to sell at 0.5 and 62 million to sell in total. If the selling came from 0.5 then it's drawn out a whole lot more. I think most of the selling came from off screen and it was coordinated. Whatever the case it's a bad day after being pretty slow for a couple of weeks.
The best hope is that it's being set up for insiders to get a bundle dirt cheap before the next pump. One would be due - it seems to cycle every 3-6 months but it could just be someone jumping ship.
GBX Price at posting:
0.4¢ Sentiment: None Disclosure: Held
