AQR 0.00% $3.50 apn convenience retail reit

re: Ann: New Gordons Drilling Shallow Minera... Seems there is a...

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  1. 9,376 Posts.
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    re: Ann: New Gordons Drilling Shallow Minera... Seems there is a massive resistance at 50c. Somebody or somebodies keep unloading offscreen consistently. This needs to break above 50c with strong volume. The piddly volumes going through suggest it is a cat and mouse game between buyers and sellers; buyers not too keen to put a bid in @ say 49/50c only for off-screen sellers to dump all the way to 47c.

    Can't understand why off-screen sellers keep shovelling shares off-screen. Why don't they park their shares for sale at whatever price they like and be picked off by buyers rather than scaring the pants of buyers? Would have bought more but I think there are plenty of sellers off-screen and will wait till we close above 50c.
 
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