Chalice Brands Ltd CHALF

RE:RE:RE:RE:SOMEONE DOES NOT WANT GLH TO MOVE - RESISTENCE IS STRONG

[daveinvestor]

the asks increased this aft, agree most likely people selling to lock in profits. there is still plenty of room for this to grow, 9 cents today aint too shabby anyway you look at it

GideonO wrote: could be a few reasons.

1.  short sellers -- bascially you "barrow" the shares and must repay them by a certain date -- if the price drops before you have to repay you pocket the difference in the share price.

I know short selling was way down but it would be interesting to see if short interest has increased in the last week.

2.  you have an interest in getting more at a better price - if you own enough shares and don't pay coommisions its simple enough to try to drive the price down and cause others to panic sell bringing the price down and scooping up more cheapers.

3.  just plain on liquidating -- you have a tonne of shares and you decided to exit the market - not wanting to wait in line behind 3 million other shares you dump yours at a lower price and take your profits.

4.  Stop loss targeting -- lots of people set stop losses to automatically trigger - sometimes when larger traders want in they can try to drop the price to auto trigger stop losses which often leads to quick drops in the stock as other traders see that and think support is weaking - or panic sell which can then further hit stop losses etc.



hopefully its either somone simply liquidating which will allow it to rebound or even someone hunting for a larger amount of shares at a lower price which would ultimately allow a rebound as well.