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9.8¢ isentia group limited

How come did someone place a single sell order 720,000 at 28.5c?...

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8horse

26,847 Posts.

1841

07/03/19

18:42

Post #: 37689923
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Originally posted by imback ↑

The feedback from company when I spoke to them; insto/fund holders were 'very happy' with H1 report. New strategy is in place and now just need to be patient on execution. They will report execution against the strategy plan in due time, probably before FY report.

I agree, I think this is retail holders and/or traders selling down. The insto/funds are set. No surprises in the H1 report to cause them to further sell down. They won't be necessarily buying more until they see good execution on plan. So retailers are selling into no demand and we see the result.

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How come did someone place a single sell order 720,000 at 28.5c?
If he/she really wanted to sell, would not place such a large order to scare buyers.

This sort of tactics work sometimes.

ISD Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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