COB 0.00% 9.4¢ cobalt blue holdings limited

Why the sell off?, page-13

  1. 244 Posts.
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    There has neen a large holder offloading now for about 3 weeks , it has neen vla very strategic sell down in order not to spook the market an cause a large retraction and also so he or she retains a good price , the seller sells heavily in several different sell patterns complimented by computer generated orders or bots as some people like to call it , this is the second time and I feel that its not the last that they have sold down to the 1.05 mark then left the market to recover before offloading more and theres definatly more to come , I can see a short and small recovery to the price before another heavy off !'word if advise Is to stay clear until the selling has undeniable ended and a consolidation period has comenced , glta , dyor
 
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