Why would anyone be interested in trading 6 shares? Yes, to ensure the closing price was down and it didn't cost very much to do so. The idea to encourage more sellers. The charts will update to show SP depreciation.
When the sellers dry up, the SP can move up quite quickly as per the recent SP pop when the 40-42 hump was taken out.
If someone was interested in acquiring BLG shares, just blindly buying would cause them to pay a premium to what would otherwise be possible. I'm no expert, but I can imagine many ways to minimise the cost of acquiring BLG shares.
In the recent SP pop, I would imagine there were a few who through the fear of missing out jumped in. At the time, there was no solid buy line support. Anyone buying would need to be buying on conviction. There was no lossless exit strategy available. As the buy/sell tide turned, people looked for the exit.
Whilst you can't have a short on BLG, you can just sell to create momentum. Whether that sell is 6 or 60000 shares, it is just the cost of moving the price down. The aim will be to get the sell lines re-filled for the next wave of buying.
BLG Price at posting:
45.5¢ Sentiment: Buy Disclosure: Held
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