Enormous volume, today, and a different kind of buying program- or was it a human? Anyway, we had 12.77m shares bought and sold, for a total of $4.79m. Lines were wiped- all of 36.5c, 37c, 37.5c, 38c, 38.5c, and chewing on 39c, but then they took a break and the columns grew back into a hairy garden, and the process was repeated. So, we ended up .5c down, which is not bad, given we had yesterday's boom buying.
Market depth shows that those columns need to be attacked again tomorrow- either by the bot that buys in thousands of purchases, or this new thing, which buys in slabs- only 765 transactions today. Market depth:
http://cb.iguana2.com/netwealth2/depth/sip
As usual, the heavy buying is done off-screen, so even if the sell columns look big, the bot/program can have a good go at them.
I wonder who the buyer is?
SIP Price at posting:
37.0¢ Sentiment: None Disclosure: Held
