BLT 0.00% 2.6¢ benitec biopharma limited

what happened?, page-2

  1. 528 Posts.
    lightbulb Created with Sketch. 36
    My take on the trading yesterday --

    There was one big fish buyer yesterday. It looked like they had a 75c limit.

    They seemed not to be using any algo trading to gradually tease out the shares over a few days, just did some big line wipes when there was available volume. Seemed they were in a hurry. Some other person took it briefly up to 75.5, there was no volume at that level.

    After the traders who had purchased during the rocket realised the big fish was gone & nobody else was buying at that level the sell side suddenly grew as they wanted out.

    I'm very interested if anyone can show a chart that suggests similar. I came to the above opinion by watching the trading live for a chunk of yesterday. Learning to back my belief in what is happening.

    If I was less attached to at least some of my holding I would have sold a big chunk around 73 yesterday after it turned (10 minute window or so) and bought back today or later this week.
 
watchlist Created with Sketch. Add BLT (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.