It wasn't big guys yesterday a few 200,000 orders went through most was small fry - less than 50,000 share packets. Even the newspapers reported the fall as being retail.
Most trade occurred at 0.94 and above in fact.
if I recall the days trade - it moved up a bit after open - slid down between say 10:20 and 11:00 to 1.00 - there was a sell off over 10 to 20 mins - $1.00 stops being hit likely. Rose again for half an hour, then went more or less horizontal until 20 mins before close when it slid down as people closed positions for the day. Most of the day it hovered at around 0.89 and 0.895
It looked for a while as if someone was soaking them up at 0.89 I remember that the price was dead straight and made the comment you could use it as a ruler. Occasionally buyers jumped over the top to get in at 0.895 - but no matter what the sell side threw at it, it just went sideways until later in the day.
I would probably be more inclined to say the big guys (well one big guy) was buying
Would be nice to know how many undisclosed orders there are on the depth
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held