Hi DS. Good to see you back. Not disputing your comments but regarding the " prop at 2c you discuss at the start "you think they placed a large order at 2c in order to get people to drive it higher so they could ACTUALLY pay 2.7c?" I am still trying to learn how all this works. Surely anyone who puts in a bid or prop like that would actually be selling wouldnt they? They actually got 2.7c for something that was 2c a little while ago? Im just interested as from what i have seen over the years the actual required or intended action is often the opposite to how the buy or sell is being stacked??
Maybe im just a conspiracy theorist but reading about outsider computers in asx trading room connected by fibre optics to servers and having seen large orders vanish the instant they are about to be hit makes me wonder. Anyone who seriously wanted 10 million would ring around and try to make an off market deal wouldnt they?
Anyway heres hoping the rise is genuine and hopefully just the start. Best movement ive seen in a long time and mc now well above the levels after the original omomyc trial.
PYC Price at posting:
2.7¢ Sentiment: Hold Disclosure: Held
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