Yesterday, we had 1.044m shares offered for sale at 17.5c. The transacted total vol.was 1.29m and mostly at 17c. If the buyers wanted, they could have easily taken out all the sellers at 17.5c. I suppose if you can get it for half a ct less, why not? Currently, there is still another 177,000 shares to buy at 17c. All in all, buyers are looking at accumulating 1.46m of shares at 17c. Why didn't they put 1.46m shares to buy at the start of the day? Logic will tell you it is likely the price will go up on such strong support. So, to get a lower purchase price, hide your intention. Right now, someone wants to sell 2m share at 22cts. No one who seriously want to get the best price for their sales would spook the market by displaying a big figure at one go. A true seller with such a big holding will hide their intention and drip feed the shares into the market. Obviously, someone loves to have more of CJO and if possible, at a lower price.
CJO Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
