Quite clearly a lot of early entrants took profit yesterday and today and hence SP drop of 11% on low volume.
Total 536M shares traded so far since 29/01/2019 and average Price is around 1.1 AUD.
After breaking 1$ barrier on 04/03/2019, total 236M shares traded at an average price of AUD 1.5 (Approx). That means the whole register is turned over in last two weeks time. on 14th and 15th March alone, 49M shares traded and resulted in around 20% rise in SP vs. 9M shares traded today resulting in 11% fall.
So either it's the biggest P&D of 2019 and all shares are transferred at a very high price to retailers and SP will go south gradually or otherwise it's due for a big bounce sooner, may be within a week or so. I am in for the ride.
