lamba,
I think the way the trades are being set up, is that the large buy stock at $0.50 is a sellers block, who is waiting for people to buy him at $0.55 (sets as low volume). I think the same thing happened in SDL around $0.1, where it ranged for a week or so before falling.
There's lot of groups operating in the market with different strategies to make a buck, not just the retailer (looking for up), or the shorters (looking for down). There are others trying to read the tea leaves and tagging along with the majors to make a buck.
why is anyone selling?, page-5
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Last
$7.14 |
Change
-0.200(2.72%) |
Mkt cap ! $6.673B | |||
| Open | High | Low | Value | Volume |
| $7.34 | $7.34 | $7.13 | $39.28M | 5.467M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1546 | $7.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.15 | 72361 | 6 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |