Disagree, look at the course of sales and you will see after our big spender early this afternoon purchasing a parcel to the tune of $131k very little got traded at $1.28 or $1.29.
Even today's low of $1.27 was for a whopping 1 share @ $1.27. It appears our big spender attracted a bunch of homeless investors to our register purchasing 1 - 5 share parcels at $1.28 and $1.29 during the late afternoon. The weight of trading was all done at $1.30 or above.
Could this have been our big spender trying to trigger some stop losses??? The $1.30 for me was a critical point in the chart. Someone is trying to clean up holders here.
If this was not a well orchestrated afternoon attempt at a smash and grab then I fear the quality of the shareholders who joined our register from around 3:30pm onwards. Thankfully it appears as though the smash and grab attempt was a massive fail. Not many stops had been set by the looks of it.
Go and review the course of sales, the trading reveals the story. Well, we may now know the price our buyer is willing to buy at??? I would dare say $1.30 seems to be the price our big spender is targeting.
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