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Why would someone get in on a raise at 4 just to sell at a loss...

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AndrewB1

397 Posts.

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05/03/21

21:05

Post #: 51563146
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Originally posted by Steini: ↑

TBS, normally that will happen when CR sharks wants to move on to the next CR. If they manage to offload from 4.3c downwards we may see indeed 3.7 / 3.8c, depending on their average sales prices. But if they decide to hold or to off load higher in a responsible way then sp will recover very quickly. From Wednesday they could dump, so by end of next Friday we should have a better understanding of what they are going to do. 150m shares can get washed through very quickly, so there is a maybe 33% chance 4c won't even get touched.

Time will tell.

GLTA

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Why would someone get in on a raise at 4 just to sell at a loss a week later at 3.7?

CI1 Price at posting: 4.4¢ Sentiment: Hold Disclosure: Held
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