IPB 0.00% 0.7¢ ipb petroleum limited

Regarding broker selling, do the maths. They were recently...

  1. 307 Posts.
    lightbulb Created with Sketch. 56
    Regarding broker selling, do the maths. They were recently issued 40M shares at 2 c before the re rate.

    When we hit 10c they stared selling on the 28th, all the way down to 8c. Then supply stopped. It didn't even close the nearby gap nor reach the 50% fib before it returned to hit 10c after only 3 days.

    How many shares have traded hands?

    The reason it could jump back to 10C so quickly is that retailers bought those 40M and went with a run with them yesterday, exchanging between themselves.

    Brokers do not determine the farm-ins, nor talk for the drill bit. Rather, they give there cheap share to retailers and then they're out.

    The maths is now looking better.

    Hey, Sam the man, stop spamming the thread with your constant dribble.
    Last edited by Ekult: 31/08/18
 
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