Understand that I’m not being simple with my next statement; but I believe the 18c sell order is merely an optical illusion. It is there until it reaches a volume high enough that the buyer at 18c, the same one who took up 222,222 at 18c at 11.28am is happy to show their hand and take it out, again.
It’s the same party who has been buying everything from 17.5-18c throughout November.
What the 600,000 sell order at 18.5c-19.5c tells me though is that there’s two different, and large, people/institutions buying. That order was immediately withdrawn when 18c was taken out. Why? I mean do they not want to sell? No, they do not want to sell. They only want to give us the illusion that the sell side is stacked. Or in this case, was stacked.
My point, the KNL share price is only frustrating to us, and temporary. It is and has been subject to manipulation for months now (CBA, Euroz, and who the hell are these two currently duking it out?), icebergs, magical disappearing and reappearing large sell orders designed to spook holders, bots etc. etc. etc.
Once again, frustrating? Yes, but it is a sign you’re onto a winner!
Expand
