RE: 1.4 mill Share purchase, news must be coming !21 Apr 2021 16:40
> Anyone saying they are buying today but buying more tomorrow because the SP is going down, is either dumping or they
> need to rethink their investment strategy. When people are dumping its funny that every sell is "really" a buy.
Obviously for every buy there is a sell, but what's clear from looking at the trades is that the sells were not those of PIs, because they were simply not showing up at the time. Large sells were being worked , and they were affecting the trade price downwards despite the fact no sells were being listed. Large trades do not have to be reported at the time they happen in order to prevent panic, so when you see many buys without sells, or vice-versa, it's pretty clear there are sizable trades being worked through on the other side. So it's not 'funny', it's just the way this thing works sometimes.
And for those questioning whether the placing shares are being forward sold: placing shares are *always* forward sold. Been around for a few years, and I can't remember ever seeing this not happen!