so what you’re suggesting is that someone/whale is moving their investment elsewhere, hence the massive sell down today (which didn’t eventuate).
You also suggested that we could also be buying something, hence the market didn’t like and reacted to the way it did.
I beg to differ. I smell manipulation in the way the 21m shares was loaded/offloaded during the 1 hr period.
How else would they be able to buy back the shares?
Look at the last 4-5 days leading to today, nobody was selling and they were desperate.
But that’s just my theory, as time is not on their side.
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Last
3.1¢ |
Change
0.002(6.90%) |
Mkt cap ! $319.0M | |||
| Open | High | Low | Value | Volume |
| 3.0¢ | 3.3¢ | 3.0¢ | $3.971M | 128.5M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 15697465 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 594033 | 3 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| SYA (ASX) Chart |