This is my opinion.
You were told to take a new position in a few days.
BUT they were not expecting the massive volume today to soak there shares and it appears they sold them much quicker than anticipated at a higher price. Considering 40m sold Friday then 60m Monday they probably thought it would take a few days.
I think there is a good chance sell pressure will be much lower tomorrow and if we see similar volume this is going way north.
Question remains tho who bought the bulk of the shares today , you were told to sell today to take advantage of the sell off and buy in lower . It’s possible your broker had the decency to give you the heads up.
$1 Club, page-359
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Last
3.5¢ |
Change
0.002(6.06%) |
Mkt cap ! $39.75M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.7¢ | 3.3¢ | $125.4K | 3.570M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 916958 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
3.5¢ |
Change
0.002 ( 9.72 %) |
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| Open | High | Low | Volume | ||
| 3.5¢ | 3.7¢ | 3.3¢ | 867700 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| OVT (ASX) Chart |