only my thoughts... this is as technical as it gets from me
I reckon LEGG WAMCO have backed off dumping today so as not to spook the buyers anymore than they already have.
letting the SP settle down
.. the buyer manipulator is loving this as its got alot of traders wondering & selling expecting it to drop to support 3c 2.9c, he is soaking them up at 3.3c he must expect this to close @3.4c (??doubt it) or just holding the SP @ 3.3c
I think it was a perfect storm where, SP was over-bought by yesterday & the continued Wednesday dumping had a bad effect on every1 and profit takers collecting
and I expect LEGG will start dumping again after a couple of days when everyones had time to digest reality & trade settles at 3.3c
UNLESS we get 1 or even 2 Form 604's
(Notice of change of interests of substantial holders) (from Western Asset Management Company & another major)...seeing LEGG like to drop 50mil each day that adds to 28th/29th/2nd/3rd=200mill atleast
by Monday Tuesday that will give us an idea of how much damage they can still doto AGO or CANT do
!
MID Next week will give a better picture
IMO DYOR
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