The Price action after close was interesting,
$53M of volume...
That is pretty much everything the top 20 don't own...
Looks like they can swap between themselves for what they want,
Someone mentioned price manipulation...,
But it's the ASX so doubt anything will ever happen...
Although the Directors should be annoyed...
| Column 1 | Column 2 | Column 3 | Column 4 | Column 5 | Column 6 |
|---|
| 1 | 4:25:39 PM | 2.020 | 10,776 | $21,767.520 | CXA | SX XT |
|---|
| 2 | 4:10:18 PM | 1.850 | 2,000 | $3,700.000 | ASX | |
|---|
| 3 | 4:10:18 PM | 1.850 | 2,000 | $3,700.000 | ASX | |
|---|
| 4 | 4:10:18 PM | 1.850 | 17,566 | $32,497.100 | ASX | |
|---|
| 5 | 4:10:18 PM | 1.850 | 2,830 | $5,235.500 | ASX | |
|---|
| 6 | 4:10:18 PM | 1.850 | 500 | $925.000 | ASX | |
|---|
| 7 | 4:10:18 PM | 1.850 | 68,018 | $125,833.300 | ASX | |
|---|
| 8 | 4:10:18 PM | 1.850 | 98,651 | $182,504.350 | ASX | |
|---|
| 9 | 4:10:18 PM | 1.850 | 23,331 | $43,162.350 | ASX |
|
|---|
Pretty big price difference on that afterhours trade...
Many of the funds playing games here have like 100 different names each,
And own part of many more...
They can agree to swap each other for whatever price they choose...
looks like they are playing for pips,
But with the volume they have,
They are probably still making a heap...
If retailers hit stop losses and they can accumulate,
Retailers lose out,
And after a while the price goes back up to where it should be...
