Someone had to get rid of a lot of shares pronto today. Similar story yesterday and the day before. However, seemingly a line in the sand at 38cps was reached today before lunch time. Seller wouldn't go below that (with the negligeable exception of 2500 shares sold at 37.5cps).
Similar sell-off occured a month ago on October 18/19. A month before that it wasn't quite as bad, but going back before that it appears that the pattern repeats itself on August 2/3 and July 9, June 25/26, June 4/5 and May 16/17.
Everytime the share price recovered quickly after these sell-offs, so I am hopeful it will be the same this time. And hence my call for 45cps next week above.
If my call comes good I will be prepared with plenty of dry powder just before Christmas for the next sell-off.
Or am I starting to see things...?
Someone had to get rid of a lot of shares pronto today. Similar...
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