GL1 Megathread, page-1523

agree, that the geo left was known that the market (the relevant part of it anyway) and ASIC is a joke. Rather than insider trading I think what happened here was that someone asked UBS or friends to organise a block trade over +3m. They then sold and so did all their mates. Large seller then agreed on a large discount as potentially opportunity elsewhere. Surprised that SP still fell afterwards as everyone selling now does not need to accept that discount. And remember, someone bought that substantial parcel and likely more over the last couple of sessions. This entity is likely better informed than many here on HC and now down on their investment, too. Short term pain for juicy rewards longer term. At least that 125k sell at $1.025 is now gone which may have been our buyer oversold needs a new definition. Let’s hope for a green week next week and with a bit of luck we get a couple of encouraging Ann before then.