UNS 0.00% 0.5¢ unilife corporation

can this go any lower?, page-23

  1. 750 Posts.

    It wasn't a dump, it was a lot of automatic stops being
    triggered.
    As I said in another post, there were a lot of stops
    clustered around 84 cents, which is 2 "ticks" below
    the major support level created by the two capital
    raisings at 85 cents.
    It's possible that they were triggered deliberately, as
    anyone with a basic understanding of support and resistance
    could have told you there would be a lot of stops at the
    84 cent level.
    A sudden spike down and almost immediate recovery is quite
    common on fairly illiquid stocks when they go a couple of
    ticks below major support levels. Just wish I had placed
    a speccy buy in the low 70's in anticipation!
 
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