Can you keep moving your order up please. Seems to be pushing the price up!
I dont want to jinx it but the seller seems to have backed off today.
Last week based on broker data citigroup sold 2.6mil with basically no buy volume, as I mentioned to the dis cord group generally a large seller pays the broker to try and rinse out the shares to limit the damage but last week was just relentless selling so someone needed their cash or was very worried about Russia/Ukraine. Hopefully they have their funds and we can slowly head North.
From the CR to Early Feb we had JP morgan selling 5mil, CS third Nominees with 4.5mil National nominees with 5.5, these are larger financial institutions where a small loss is not a big deal so they may have participated in the raise and then wanted out once it dropped.
Ironically we have all believe it was Caledonia but whilst they have off loaded 11mil since the 27/9 they havent sold any since early November
Last week HSBC off loaded 1mil through credit Suisse
I have a draft correlation of the Top 50 moments in the other channel just waiting on an updated one to finalise and track moving forward.
In short the Top 50 is absorbing the main seller of late.
ALC Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
