Yes, somebody needed the entire $7,500 for their xmas shopping. Seriously, this stock is so thinly traded that a minor announcement recently sent it run from 9c to 19c in one day. A single seller with a very small holdering can and probably has sent it down from 12.5 to 9.7c in one day. It works both ways and is somewhat meaningless.
If every time a single shareholder decided to sell a few shares in any company it was considered a sign of bad news then every stock would be considered to be an endless source of bad news to come every day. BIT is about as thinkly traded as they come so the price movement is magified to an extreme.
Come to think of it, the last time the price was below 10c somebody came on here and told us exactly rthe same thing, ie it was a sign that somebody knew something and there was bad news coming. The news that came doubled the SP in the first hour of trading. So much for those theories !
Bad news may come but so may good news. The sale of a few thouand dollars worth of stock tells us jack about which it is likely to be. If directors start to sell then lets talk !!!
BIT Price at posting:
9.7¢ Sentiment: Buy Disclosure: Held
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