RE:Mellon Trust - ASDP - July 5, 2024Surprised they didn't do 50,000.
They haven't sold 50 yards in a single day for quite a while.
Perhaps they're trying to avoid the bad optics that come with selling as much as they're allowed in one day.
Regardless, they contributed a significant portion of selling on the day.
The fact they sold at $.84 proves they sold late in the afternoon, on the way down.
Doesn't bode great things for Monday.
To repeat myself, other sellers might jump on the bandwagon.
It would be a game of musical chairs with a dozen people left playing, and only one chair left when the music stops.