I would also add that if I was trying to build a decent position in a stock, and knowing there had been an issue recently providing much more liquidity and a 100% rally since the capital raise, that with end of financial year looming and a lot of investors underwater in the stock, a bit of selling to dampen any rally would eventually lead to those wanting to exit the stock selling at lower levels than they had hoped if they wanted to get out of the stock prior to year end...........
But I would need to also try to rally the stock a bit higher for valuation purposes at year end.......
Just speculating......time will tell.
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I would also add that if I was trying to build a decent position...
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Open | High | Low | Value | Volume |
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Buyers (Bids)
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No. | Vol. | Price($) |
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1 | 100000 | 0.096 |
2 | 105799 | 0.092 |
1 | 100000 | 0.090 |
2 | 48666 | 0.085 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 107096 | 3 |
0.110 | 177181 | 2 |
0.115 | 115012 | 3 |
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