Actually, been thinking more about this ... and am constantly amazed at how some people with "stacks of dough", actually trade in a poor manner.
1. To sell 5000000 shares at 1.13 when the price is at historic support levels (and lows) suggests that the person/entity is taking a loss.
2. 500000 shares @ 113 is $565000! @112 = $560000. Only $5000 difference!
NOw ... they must have been waiting for enough buyers to queue up to sell into. Thats cool.
BUt .. they dump at 113 approx 296000 shares ... leaving the balance as a brick wall for the "market to chip away at". Why not be done with it, and sell the rest at 112? In doing so they open the whole board up, they leave 30000 shares at 112 and nothing at 113 ... and we can all move on :-) Instead they risk freaking the market out and not being able to sell their shares at all ... all for the sake of $5000 on a Half Million dollar package ... which has already lost more than that!!!
Anyway ... Im prattling on ... as the 113 resistance is being whittled away anyway .... its just a passion of mine ... if U want to sell ... engage the market and get on with it!! :-)
FCL Price at posting:
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