GNM 0.00% 1.2¢ great northern minerals limited

Lithium Guyana Phase 2 looking a certainty., page-29

  1. 881 Posts.
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    The fall was triggered by people selling in greater volumes and at lower prices than buyers were willing to buy at!
    The reasons behind this...... well anyones guess really!!

    I suspect there was some selling into the news within the last TH having taken up a prior position. There was also likely to be some selling for CGT losses.
    I also suspect selling into news of some longer term holders to capitalise gains (from 0.5c SP levels)
    The 3 of the above combined potentially triggered stoplosses forcing additional selling pressure and investors got caught up with selling scenarios mentioned above and panic.
    A spiral of sh!te developed but hopefully a little bit of stability is now evident!

    That's my thinking and opinion behind the recent SP activity anyway as I cannot see any change in fundamentals that would lead to what we saw...
 
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