Don’t know about that, earlier today when I looked there were 14mill shares (12 sellers) on offer at 1.3c, this afternoon there are 6mill (10 sellers) and the volume of sales today was 1.3m. What happened to the other 7mill on offer? Seems there may be 2 or 3 people with reasonable holdings trying to pick up more at the 1.2c or better?
I’m pretty new to this but the tactic seems two fold - seeing the large volume for sale, triggers some panic selling and having so many on offer tends to keep a cap on the price. Is this a fair reading of the situation.
