There was huge volume traded in the 5-10min after trading resumed yesterday between 33-35 so a lot of traders and mugs would have been caught in their trades hoping for a quick burst up but instead the SP slipped. So these people holding will have either cut losses or held on the hope that T+2 will save them. Perhaps the larger orders will push up when the last of the T+2 trades have been washed through by close on Monday.
This doesn’t factor in the approx 17m insider shares that traded in the past three weeks (well above avg volume) that could be dumping now that the SP has stabilised.
No point rushing these things. The slow, steady rise is far more powerful and stable than the flash runs.
G1A Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held
(20min delay)
