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MrFantastic

2,909 Posts.

1261

12/09/19

16:42

Post #: 40400978
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Originally posted by exberliner1: ↑

IMO it is simple really.

Someone had a big sell order today in the millions of shares.

So before selling, fill the bid the bid side up with a collection of large buys in the hope that this will attract other bids into the queue, once enough new bids have appeared, pull your own bids and sell your dump.

Doing this you will probably end up with an average exit price a few pips higher than if you had just dumped straight into the offer.

The fact that IHL can absorb such big orders on an otherwise quiet day and still close at 7.9c is a major sign of strength for the SP.

I hope whoever was doing the selling locked in a big profit.

It wasn't me I might add, I am far too greedy to sell any at these levels .

The OBs are back to a premium now which is good to see.

EB

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I was the one that pushed the price to .08 with that tiny little order of 24454. I just didn’t want to se it close in the 7s. It’s my OCD kicking in

IHL Price at posting: 8.0¢ Sentiment: Buy Disclosure: Held
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