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Beeperone

1,203 Posts.

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23/02/17

08:19

Post #: 22830602
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Originally posted by Idle Wanderer ↑

The 'one at a time' trader is actually a buyer. Sells a trivial amount of shares under the market price, which makes the unwary sellers think they will be lucky to sell at 10.5 or 11.0. The same party then accumulates large quantities of those shares on sale for 10.5 or 11 or 11.5, i.e. below fair value.
Eventually, when enough bought, the buyer will change the game plan and stop pushing downwards and start pushing upwards. No point accumulating all those shares if you can't sell at a profit, eh?
All you guys waiting to buy at 10.0, this party knows you're there and thanks you for your support.
[I've watched this and similar happen before on the mining boards].
Welcome to the wonderful regulated world of the ASX.

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'

One trader playing pip games is not an institutional investor.
We need numbers to 'de-risk' so they want to buy in.
Any chance of that before late April 1/4ly?

NUH Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
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