1MC 3.33% 3.1¢ morella corporation limited

AJM price drop., page-66

  1. 133 Posts.
    lightbulb Created with Sketch. 18
    There is some big sellers out there at the cheap prices:
    Of the easily counted big orders:
    .125: 1mil sell order
    .13: 2mill sell order
    .135: 1.4m sell order (2x750k)

    I think we are seeing massive sell pressure as the 'sophs' who bought in trying to offload for roughly the same price to get some free options.

    My guess: price will be suppressed for next few weeks while they try to sell out, however it won't drop much below .125 as they don't want to make a loss (factoring in option sell prices)...that said, other people might catapult it lower.

    My 2c of understanding the shenanigans going on.

    Or it could be just regular people trying to play the market: there is a 1m buy order at .12 (corresponding to the 1m sell order at .125)
    Last edited by Mindbender: 20/02/19
 
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