"Regal funds are in and out of a lot of stocks all the time, they are entitled to sell a portion whenever they wish but the reason they keep getting given good opportunities I would imagine is that they are not stock destroyers like some I would love to mention.
My feeling is that the newsflow to come will be significant and that we in the early chart stages of a stock that could do very well this year breaking it's downtrend and rerating.
Watch for a lower volume day tomorrow, the 30 min chart today had lower volumes for a large part of the day so looks like most of last weeks big selling may be declining or at least becoming less rapid.
There are big players soaking this around 8.4 - 8.5c so expect new holders and for it to move up from here over coming days ."
BLK Price at posting:
8.5¢ Sentiment: Hold Disclosure: Held
