the big buying is offscreen. the selling is all small holders. since the buy depth is very small, even small selling reduces the price in big % terms.
if the buyer just waited with his bid, it would keep the price intact. but he probably does not want this and keeps waiting for the price to fall before linewiping back to his comfort price.. which appears to be anything upto 32c. could make 32c a long term base.. all my guessing based on trading patterns.
GSL Price at posting:
29.5¢ Sentiment: None Disclosure: Held
