The seller has to be someone who came in on the raise , I see them selling again into the close this avo , it's pro selling as well and not your average retail punter . I know because I have picked up a few at these levels and there's a hidden seller off screen selling into anyone who steps up , so they have an algorithm working the selling for them , plus they are flicking them out via centre point trades as well . The big question is why ? Why not wait for news and then sell like they usually do with a profit , are they happy to take the loss and hold the options ? . Either way they are causing a lot of damage to the share price and the company. If these guys want to raise in the future then I might suggest getting someone on board who will support the company and hold the stock for at least a profit .
MGU Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
