A dissapointing close for sure. And the lack of upward momentum can be disheartening.But there was some lovely trades today. 1.28pm $36,257 trade at 9.4c. 3.20pm $47,000 trade at 9.4c 3.20pm $32,900 trade at 9.4c 3.20pm $32,900 trade at 9.4c 3.43pm $33,361 trade at 9.4c 3.43pm $23,500 trade at 9.4c 3.43pm $23,500 trade at 9.4c 3.57pm $46,473 trade at 9.4c
It certainly feels bad to see big losses today on my account. But little speccie traders don't often have $23,000 - $50,000 just sitting around to chuck on a stock like AB1.
The ASX Australian Investor Study 2017 reports "nearly 70% of all Australian investors areseeking stable, reliable or guaranteedreturns from their investments"and the Sydney Morning Herald reports 3 out of 4 people have never invested in shares.
Point being, the sky feels like it's falling, but these huge buys aren't likely to be retailers. I think the "sky is falling" feeling is exactly what certain investors wanted. They were absolutely eager to pick up shares at 9.4cents. Share price was hitting 10.5c. They needed to do something to get shares at 9.4c and it appears they have. Almost scared me into selling some. But those buys today keep me going. No-one drops $47,000 just for fun. And that's assuming each big trade was a different person. It's possible, especially given how a few trades are identical ($32,900 twice at the same time and $23,500 twice at same time), that one investor dropped more than $200,000+ today on AB1.
AB1 Price at posting:
9.3¢ Sentiment: Buy Disclosure: Held
