Well, there must be a buyer for those selling.
I have been watching the small amount of "cheap" shares on offer last few days. Hard to buy a decent parcel. But today was the day where someone was offering a decent parcel for the taking on the cheap.
So decided to buy another 60,000 shares today which contributes about 9% of the total ASX volume.
So only takes a few willing buyers (9 more like me in this example) or desperate sellers to increase it a little more than normal.
Most Lit stocks recovered some of their declines today -
KDR up 5.88%, PLS up 6.88%, GXY up 4.10%, ORE up 5.50%.
Yet BGS down 6.90% on close.
The seller had many days to sell slowly above $0.30 but for some reason decided to sell today.
This obviously made BGS go against the upward green movement as per other Lithium stocks today.
Whatever the motive or reason or need to sell, I was happy to take some of them off their hands today.
Our time will come. Just need to be patient and a holder when it does. **Sigh...very patient.**
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