TodayJust looked at today and reviewed all sales. I am sure that longs are not happy with percentage drop on minimal volume.
As for the person that admitted to dumping 80k of shares at the last few minutes of close to paint the tape down 12% and saying good luck I might buy later, I don't think you would get a lot of fans from the longs. You could have kept that to yourself. There was basically no one selling on dismal action, and easy to move down on weak bids lately. If you looked at the action the past few days, you could have easily got more for your shares. Maybe that was your intention and get more lower, you knows. Everyone will do what they do, no one will really know.
The beginning of the day there was only about 20k in cross trades within the same accounts at a lower bid that reduced the SP, then small trades, then the guy dumping was almost half of the volume of the day
I have 203K in shares, and don't need to trade in and out, as my thesis is huge quarter in January and don't need to change that.
I didn't think that the share price would come even close to this again, doesn't affect my time frame, but It will be interesting to see what the reaction tomorrow. I am full with my position but my group will add more soon due to the drop as they are not short term.
Longs wouldn't mind a new contract announcement?
Good luck longs
Cheers
Presclubs