Could be lots of reasons.
1. They feel the stock has enough upwards momentum to eat into it a little bit and won't scare off everyone else (unlikely as it just sat there for ages)
2. They want to drive it down a bit, hit some stop losses then buy more lower
3. They have lots lots more and they want to see if there are other big buyers out there. Using their shares like stepping stones for others.
Would be interesting to know their actual reasoning.
Ann: Burmeister Lithium Potential Defined, page-36
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Last
16.5¢ |
Change
0.030(22.2%) |
Mkt cap ! $11.02M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 16.5¢ | 14.5¢ | $20.61K | 135.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 117561 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 8017 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| TG6 (ASX) Chart |