WHO IS SELLING????, page-2

I think the question should be "who is buying?". Someone has been soaking up these loose shares for the best part of two months. They've been very careful not to push this higher, rather waiting for people to sell into them and then refresh their orders. I wouldn't be surprised if it was those the large institutional investors that recently partook in the capital raise. They would already have a mandate to buy at these levels and i know for a fact that there were some that did not get all the shares they wanted and that there are those that missed out completely.

In any case, there is clear seller exhaustion and buyers are starting to step up.