CGB 0.00% 2.1¢ cann global limited

So bit of a noob question here as i'm treating QBL as my penny...

  1. 76 Posts.
    So bit of a noob question here as i'm treating QBL as my penny stock learner.. That big sell that hovers around 3-4 pips above (around 3.5 mil shares+) and gets lowered, whats it's game? (Iv'e noticed it, or another, lingering on the way up from 1.5)

    It's obviously affecting the stock price down. I imagine as it's making weak hands sell, along with negative sentiment (I took more profits than i wanted to). But what is the end game? Is it accumulating for the long game as they expect gains? Does it wait till it hits solid support and news, then releases to bigger profit profit a bit further up? Is it a "pump and dump" (seems unlikely as the have a lot of shares and liquidity would surely be an issue unless they drew it out on gains)

    Also, who are these buyers/sellers generally? Is it one cashed up person or a bigger entity?

    Cheers in advance. I realize it's a fair bit to ask. Just send me the link for a primer if you cknow a good one.

    Regards.
 
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