FXR 0.00% 0.2¢ fox resources limited

announcement out, page-26

  1. 594 Posts.
    Well it all comes down to low turnover of shares, it is quite easy to manipulate this stock and you can do this with as little as 500000 shares. You could imagine how someone like tricom could manipulate the market. These guys are experts and are buying and selling all the time. At present this company is not on any stock broking radars or institutions as they are not big enough so these guys (tricom) are the only one in the lolley shop. They can scare the market easily. Why? because shareholders have lost confidence in fox. I put 300000 shares up at .98 and soon someone is selling at .97 and you pick them up. Im small and i can do this image what 10 million shares can do? Its a bit like the country bookmaker who fields at the local track, the only problem is hes the only bookmaker there, all of a sudden $100 makes something favourite.
 
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Currently unlisted public company.

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