20c short term, page-118

So it seems that the supply is exhausted. I wonder if it came from a placement holder cashing in on his 500-400% profit (from 2c to 10, down to 8 c), retail getting spooked, or both. My guess is the later.

If it was a placement holder he still may not be finished, but just pausing, waiting for some enthusiasm to return before he/her unloads their remainder into it. Not that there can be too much left, as only 40m was issued, and we did a good part of that yesterday. Not all of course would have been placement (if any).

Then there is the magnetism of the gap just below, holding back any new enthusiasm from getting any real traction. The lower gap at 5.4, I believe, will never fill. It's a viable break-away.

Ah, the mysteries of the market.