While I?m happy to see some reasonable volumes it?s the sellers that seem to be winning the day here, which on one hand is a bit frustrating but on the other possibly a good opportunity to keep accumulating on lower prices.
A week or so ago most on this forum had the sellers pegged as BTC and / or newer SI?s, but now BTC is out of the way and share price is getting towards what SI?s paid, it doesn?t seem to be a lot of logic in the share price action.
? Perhaps the SI?s are lightening the load and just carrying the free option? ? Perhaps the BTC parcel was broken up and is being on-sold quickly for a small profit? (Note: Interesting there hasn?t been a substantial holder notice). ? Perhaps holders are anticipating another CR for existing holders or Phenomica? ? Perhaps it?s just market weakness?
Peace / et al ? any more theories on the sell side?
Looking forward, to help stop the rot since the Feb highs it may be that some of those well flagged announcements would be handy !!
PYC Price at posting:
5.9¢ Sentiment: LT Buy Disclosure: Held
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