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clock Created with Sketch. 30/05/17
20:18
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Originally posted by theothecat
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Hi, I'm new to this forum. Can anyone explain to me what is going on with the BIG share price. I've noticed that up until today there were considerably more Buyers than Sellers which I thought would give support to the share price around 70c. Yesterday there were something like 5 buyers with limit prices at 70c for over 200,000 shares. Today around 11.18AM over 200,000 shares were presumably bought? as I noticed that the buyers at 70c had all gone. And now there are 312,522 shares listed under Buyers and 538,354 shares listed under Sellers (according to the CommSec website) which is a complete reversal of what was being shown yesterday in terms of percentages for Buyers and Sellers.
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One seller came in today and sold 200k shares in one go, could have been for numerous reasons, who knows apart from the seller. Look at the fundamentals rather than day to day moves where big swings can be caused by single holders or potential investors.
