Galba and Caketin - Well it looks like someone is prepared to lose a few in a bid to keep the price down in my opinion. You have sell orders at 73, 73.5,674,74.5,75 and 75.5 all for 100,000 and you get 56,000 sold at 73 and only 10,000 knocked off the 73.5c sell order.
In a share like this it forces people to accept 73c if they logically want to sell if the ratio of what gets bought up is higher than what they may lose with the wedge its a win for them.
If you are a seller putting all those orders in dont make any sense.
I think its an accumulator just wanting people to sell into 73c or maybe even get it below that.
I think that as it gets closer to results day we may see it climb slowly.
PGC Price at posting:
73.0¢ Sentiment: None Disclosure: Held
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