This repeated 2 or 3 times during the close, when the sell at 5.1 appeared the other order was instantly removed, but they could have left it there to have the close at 5.1 anyway. Id say both were the same person, probably not wanting someone else to front up and put up another buy order.
It is obvious it is being manipulated, everyone can see that. Why? Who knows. But to say they have to buy as many as they sell to drive the price down? You can drive the price down on low volume quite easily using very few shares, and thats what we have seen a lot of. Small sells to push the share price down and if possible leave a one pip gap to make the buy up less likely. It has also supossed to scare many into selling to help their agenda. Its been going for months. If it was accumulation by one party surely we would have had some notification by now?
Looking at todays buying, it was very strong early and it took far more shares trded to take us up to 5.2 than it did to bring us back down. Maybe this buyer will return for another meal?
The high volume for breakout last time we started our run was about 5 mil traded, which was 5 times the volume from the previous days which was 5 times the previous of that. Todays volume of 3.15mil is the highest in months, hopefully we see some high volume again tomorrow.
ALC Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
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