On the 9th of April, 271 million shares exchanged hands and price dropped 50%.
On the 10th of April, 83 million shares exchanged hands and price dropped by a further 10%.
Normally with most of the stocks,on the third day volume would have subsided and the dust settles down. But this is apparently not the case with Sundance. We are still in the mid trading day and already 100 million shares exchanged hands and price reached a low of 8.8 cents.
Looks like everyone wants to get out...if management doesnt enter a trading halt..the stock would reached 6 cents soon a this rate.
I know hedge funds are getting out at the moment but pray that Hanlong doesnt decide to dump its holding, otherwise imagine what a bloodbath that might be.
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- shocking!!
shocking!!
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