I agree with both nikk0 and Chris in thinking there is both a major buyer AND seller working this stock. I think there is definately some selling going on but at the same time i can see signs of a buyer accumulating also. As Chris said, the large order placed at 6.3c today would not have been the seller and if it was a legitimate order, would have gone through on open. The fact we have been getting fair volume the last few days and price has been staying within the range says that buyers are cancelling out sellers. This will continue to happen until one of them has finished, keeping in mind that a buyer can keep buying (assuming he has the funds of course) but once a seller has finished selling he cannot continue to sell, so i would say that once the seller has been exhausted we could continue higher and the accumulator can finally get what he came for. However who knows how big this seller is so we may still have a wait on our hands, and a nervous wait at that.
AYR Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
