OXR oxiana limited

is this the start, page-2

  1. 2,012 Posts.
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    Looking good Pilbara, but the test will be on the close. Last several days, the closing price has been deliberately pushed down by a very large seller, who could have sold much higher just minutes befeore. The reason apparently has to do with put options. They are settled on closing prices, and it is worthwhile for the relevant insto (holder of the put) to sell a few million artificially low in crossover, supress the closing price and make a bigger margin on the the higher number of puts which selttle the next day. Same logic as short sellers. Lucky we have ASIC to monitor activity like this!! But they may be just about done, so 4.10 p.m. will tell. Reckon we have seen the worst of it now though.
 
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