When you have a massive volume of stocks on your hand and want to cash in, what would you do ?
A) Dump all your stocks at once at market depth , or
B) slowly distribute overtime at the highest possible price without creating an avalanche.
That fact the SP continues to make lower low lower high and the SP closed 1c above the last trading price indicated someone just made the extra 1c profit from the last 1mil unit in the auction.
The profit taking isn't over yet and the bulls know it too. They will not rush in until the downward pressure is reduced
Huge selloff, page-37
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Last
$3.00 |
Change
-0.100(3.23%) |
Mkt cap ! $9.034B | |||
| Open | High | Low | Value | Volume |
| $3.13 | $3.20 | $2.98 | $96.27M | 31.24M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 80269 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.03 | 22200 | 4 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |