At the end of the day there is a lot of buying going on and unless it's all of you on HC then I would assume someone wants to accumulate under 50c....
I think the new issue has been offloaded and the price supported at 45c, as was to be expected...and it's probably the same lot buying them back cheaper than what they sold them for!!!
Today's trading was important because it shows support starting to build..
Professionals worth their salt won't buy into a stock that has breached a major support level on the off chance it will go up....
Confidence that it won't fall further has to be established...
They will be sitting back and watching for a base to form....
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