[NOTE: I am answering this based on my read of the market only and no negative news in any Trade ANNS or any media outlets for QBL. It is all IMO. ]
When you have a situation, like we now see with QBL, with green lights across the board and "possible" large profit news coming, is the ideal time to try, and manipulate the market with short selling stock or use your early entry accumulation stock to build massive sell queues to give the appearance that people want out. Quite often these players want to shake the tree of weak hands before the good ANN hits, scoop up more shares and obtain an even better position before the price moves too high for a decent quick profit play. As late as Monday we had a short play for a 1/4 of million shares to push QBL at a pressure point.
The Market trend is showing a sentiment of "STRONG BUY" for Daily, Weekly and Monthly activity. Only the 5 minute trades indicate a SELL sentiment. The Quantitative EFV, based on market sentiment, asset position and financials, not including any income has been steadily rising to hit 0.028 today. The market believes this should rise significantly, and is way undervalued. Many of these sells should be pulled on good ANN news, and the price uncapped. (IMO)
When the ANN hits there will either be two things happen. 1) If the market is watching the news there will be massive interest, and lots of buyers or 2) there will be a final big push to knock this down a few pips and then a rush to get in at bargain basement prices with QBL then skyrocketing. Just IMO and assessment from previous trading.
At the moment the aim is for blocking, and weak hand holders to give up their shares. On the ASX Buy queues are at 70 mill and sell queues at 45 mill. A good healthy ratio ready for imminent news.
So there are 2 positive benefits here for the trader IMO based on the belief that these sell queues are actually indeed FAKE NEWS..1) There are shares for the taking , if you believe in the QBL story or 2) there is a good hold position to wait for the rise (when the news hits).
@johntie, at the end of the day the market decides which way a ticker will swing. Even the best players can only make deductive predictions. You are responsible for your own financial position, and it is important that you learn how to do your own research. Remember forums like this are simply traders sentiments. Some play stock , some will rubbish stock, if they have been burnt or want to troll, and some will help.
My sentiment is stated. GLTAH & DYOR.
Cheers...59.
