1. Bit of This morning big buy was day trade.
When there was 800,000shares on buy side at 50c... someone dumped 1M shares for quick money.
So if u see huge volume on buyer side... is likely to get hit by day trader ( instos)
2. Better not to place huge sell order like this... buyers tend to wait for price fall.
This is like a domino, if someone dump at market price, others tend to follow.
I think we should go long...
All of sudden this forum looks very quite.
Nothing wrong with taking profit , its a good thing but...
Too much sell orders will panic the buyers.
I do hope we can go bit long for big money together^^
Also... why asx is hammering down today?
GXY Price at posting:
49.5¢ Sentiment: Hold Disclosure: Held