Pick up a million shares in 5 mins and then load up buy sell queues.
Could be an accumulation squeeze whereby the cap kills the dream of any upside soon, channelling sellers into their buy queues.
Who knows.
For me it doesn't matter. I don't believe the recent 42c high will be our highest point over the next 12 months.
If someone wants in on BLG or wants to increase their holding, a trading strategy is required in order to minimise upward movement of the SP. Each day, we are one day closer to commercialisation. The window of opportunity is getting smaller day by day.
BLG Price at posting:
36.8¢ Sentiment: Buy Disclosure: Held
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