Traders imo, Why would you possibly feel the rush to sell when the SP was 50% higher and dropping for a week, plenty of time for a quick trade? Might be a few pip traders but the volume is the old pump n' dump then load up again pattern imo.
Correct me if I'm wrong; Is my assumption that larger traders/ funds purposely sell parcels to hit stops and also get the SP down so they can accumulate lower waiting for the next pump? Am I just too conspiratorial?
The update was positive but left out the cash balance forecast which was always open to conjecture.
MBE Price at posting:
4.9¢ Sentiment: Hold Disclosure: Held