Schadenfreude and Binary Outcomes, page-27

SFX like most ASX stocks these days has spread and arb chasing algo's that stack small orders behind the bid/ask all the time. over 98% is a single order at front, the rest are meaningless and will disappear when the ask is hit/gone. Any experience you would know that, decent trading platform you would see it.

There are only a couple of reasons to put a single order up greater than the total day's volume going back 2 months. Either to send a signal they want out, this is the last lot come and get it, or to try and scare other sellers to jump over and push the share price down. Nobody genuinely trying to sell down and distribute their share to market for highest price would do it in 2 month daily high volume increments, that is crazy like you. Just as the seller (I think it has been predominantly one seller this last two weeks) over the last two weeks has never stuck a sell order up more that about 100k at a time yet.

Time will tell, and too long imo