Hi Waiting
I would love a dollar for every time that I have seen a similar tactic used. Knowing nothing about the trading patterns over the last few days, it is hard for me to grasp what the real agenda of that person. It may have just been an attempt to play on the retailers fear? Whatever it was, it had to of been planned. This A 4 Million seller had an intention and plan to execute most likely imo. Was it to as you say scare away the retailers, possibly, was it a last minute change of heart -possible but unlikely. Certainly was a trading day with the big boys n girls involved. Good thing is, there is tomorrow, a new day....what looks like a confirmed breakout with volume. Trick now is how to play it, or leave it until something else pops up that captures your fancy.
Cheers
GF
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