"IMO a lot of the 39 million sold today would have probably been at a loss....."
YES! the largest lot possibly, this stock has me chasing my tail, I sold out my last bulk purchase 3 weeks ago (purchased approx 4 weeks ago)when things changed toward selling again but I was able to get those out for costs + I kept approx 10% in to protect against a slightly late re-entry when things start moving north again.
Anyway to any with more understanding than me...are we seeing the 85% of VWAP here??
otherwise it's hard to believe any big player still has parcels of shares averaged at this price from 10 months ago!!, surly those sophisticated enough would have sold them when the stock was approx 2.5c or 1.5c even.
Then again wholesale clients have the unique opportunity to be able to buy and sell huge amounts to themselves in any attempt to create the required stock price environment....so it costs them no true losses.
Us retail investors are by law expendable under resourced pawns.
GGP Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
