I'm waiting to see a turnaround here as there is a party that is always stacking up the sell side just before the open with multiples of lines of 30k or so with price differences of 1 cent
Then at 4PM today the sell side was showing 98,630 x 1.130 x 3 30,000 x 1.140 x 1 30,000 x 1.150 x 1 30,000 x 1.160 x 1 now these are all gone, pulled, only 329 x 1.130 were bought into
These four lines were followed by what I would then call normal numbers in the queue which are still showing there now
Reason I say it's just one party selling is that after the auction everyday the above sell lines are all removed, seen this so many times with PIH, except with them most of the buy lines were removed after the auction, but in both cases it's pointing to just one broker in control
Once this practice stops you would believe the SP should recover quite fast so I'm ready and waiting as I've only started to build a parcel of these
CIF Price at posting:
$1.13 Sentiment: None Disclosure: Held