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I buy last time to acquire the warrant but my mistake Im not sell straight right away.. betrayed my trading plan.. the reason I hold at that time because this company have good prospect and no reason for it to fall like now.. retrace a bit is undestandable but this it drop too much for no reason
Not sure until what price will big holders sell and distribute their holdings. From the price and volume action of last year until now I think big holders have sold about 60% of their buying from last year. Normally they will keep 20% before buy and push up again. So they still have 20% to sell and this last 20% will normally cause price to drop more than earlier distribution as lesser volume means lesser small players are there to catch their distribution. So I expect them to continue distributing to small players until 1.30 before started to buy again below that price. Before that can expect consolidation and some rebound around 1.60.
