SPH 0.00% $3.10 sphere minerals limited

robworld,They are plenty of people who like the SPH story but...

  1. 1,463 Posts.
    lightbulb Created with Sketch. 460
    robworld,

    They are plenty of people who like the SPH story but want to accumulate many more as cheaply as possible.
    So I don't see this sale as an error, simply someone who bought in cheap deciding to take profits.

    Think they were happy to 'prick the bubble' and very aware of creating an instant SP drop.
    From market depth they would know the likely SP drop before they sold into existing buys.
    Happy to manufacture a mini- stampede downwards in fact :-)

    Also might have been 'sacrificing' a relatively small parcel of their own shares with a view to loading back up in a week or on a lower sp.

    Obviously working as we now have 100,000 worth of buys sat at 70c waiting to catch any weak holders.

 
watchlist Created with Sketch. Add SPH (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.