RE:RE:RE:RE:RE:Special AGMCanticle wrote: goldanalyst wrote: I'd consider buying some around these levels and the SP decline although unpalatable is not my main concern it's the volume and right before this special AGM. If the volume was light I might believe it's just retail. This kind of money is institutional. The smoke will lift at some point and we will soon see what's going on.
I have been keeping a close eye on the Level 2 and there's definitely someone or someone's unloading huge chunks to lock in gains. There was a block of 86,000 shares with an Ask at 3.06 first thing this morning when all the prior orders were at 3.15 Ask so someone is clearing exiting a position. Why? Anyone's guess.
Hopefully its because he or she got caught elsewhere and needs cash in a bad way and SALT was their only winner at the time.
Now that its been happening I see it continuing because that is the trend. Manipulators will push this down as far as they can assuming it will go back up.