Broker Data, page-248

I think something to remember is that 12 months ago WA1 was just another penny stock explorer with a piece of dirt and hope in their hearts. Instos don't invest in such companies so it would be largely mum and dad speculators holding at that point. 26th Oct 2022 was the first high volume big up day. Anyone who was holding just a couple of weeks before that would have bought in at the 15 to 20c range.

I am not sure that they are concerned about current markets or whether WA1 will go much higher or lower. They are sitting on MASSIVE profits and now they can also get their CGT benefit as well. This may explain why it's mostly retailers bailing out at the moment. The instos can now see a picture forming and would be happily but quietly hoovering up the shares of happy retailers who are riding off into the sunset. Instos won't be wanting to spook the market to the upside so I am sure that for as long as WA1 inches lower they will just gently ease their way in.