General. As it turned out today, "what's done is done" isn't done yet. And there is no doubt in my mind that it is a big holder doing the large share of the selling and although in dribs and draps, has still spooked very many small holders into selling also. But, they don't care about "only" getting 30 cents, they're still making huge profits. For the fourth day in a row we have had lemming leap type selling, seemingly sustaining large losses IF they were small trades, and continuing to go unchecked, albeit it seems to be slowing, but it finished with another flourish down to the lows again. 225 more trades, this time with the average dropping to around 5,000 shares. That's over 1,700 trades in 4 days, but, THE obvious development today, there were 50 odd trades below a marketable parcel, some as low as $7. IMO, there's a bot in there acting for a large seller. What's happening couldn't be disgruntled ST punters jumping off the cliff, nothing to do with the drilling results, and who knows who it is and how many they've got to sell, 13 million have gone through in those 4 days just on Commsec, around 12% of the IC.
GLN Price at posting:
30.5¢ Sentiment: Hold Disclosure: Not Held
(20min delay)
