the sky is falling - pffft !

PART1 - today's trading

Ok, I thought I'd provide some data behind today's price movement and why I think downrampers are being successful in impacting the small retailer investors into selling

Todays' price movement was

let's break that down, the 4.6m volume whilst a high volume day is only $184K in share value turn over

So that is $184K of a $31m market cap, which is a very small 0.59% of the market cap exchanged hands today.

0.040 VWAP for those that might not appreciate is the Volume Weighted Average Price, so the balance point between High and Low proces of the day at which most shares on average got exchanged for.

So furthermore $184k was completed in 66 individual trades, which is an average of less than $2800 per trade !!

These numbers suggest very much small holders are Selling (sellers drove the market right due to the price being pushed down)

We saw 1 single large order at $50K placed as a sell and that order was snaffled up by buyers and then the price jumped another 0.2cents, maybe thatperson had a stop loss hit or their circumstances had a need for cash ?? the main point being the priced recovered from that "sell of"

My conclusion out of this (and I'll post a PART 2 shortly) is that small holders have succumb and this price movement and volume (which has been met on the other side by buyers right !!) does not reflect larger shareholder sentinment.

part 2 to follow ...