I can't believe how light the sell side is. First time this afternoon i've had a chance to actually analyse what the hell was going on today. As I look at this now via Westpac platform I see 257 Buyers for 52 Sellers, so 4:1 there, and on volume Bid to Ask its roughly 9:1. I can see 50 lines out of 52 on the Ask, and that shows some 23.8m shares meaning that the final two lines I cannot see are under 20000 shares combined, at some price higher than 5.2c.
Obviously more will show up on the ask tommorrow but as it stands at this point, roughly 62% of the shares for sale are at 2c and under. What I am getting at is, if significant volume DOESNT show up tommorrow and the Bid continues to pile up, it would look to be going Parabolic.
Fingers crossed for a good night over in the US tonight.
Heres hoping anyway. GLTA. Regards, OP.
RR1 Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
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