But here is the big question: Wouldn't it be smarter just to off-load 1 million at a time and selling into the rising sp instead of shooting it down ?
It's trader's money. The seller this morning was desperate. parked at 4.4c then sold down to 4.2 and then was gone in a jiff. Why not just drip sell? By the timing my educated guess is that this person had another stock on the radar for a trade. On this basis wanted to get out as quickly as possible as to not miss the ride. Traders are purely looking for the next stock that is going to provide them the greatest short-term rewards.
I cant see any other reason for being so desperate to sell. It certainly wouldn't be for the house deposit. The only other explanation is inexperience, however, that's alot of money to be throwing around if thats the case.
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