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29/05/20
16:01
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Originally posted by mjpridham:
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I know I've been harping on about this over the past 1 or 2 but i'm confident that the SP is currently being manipulated in some way. We've seen almost 40m shares purchased in two days at 0.008c, this is off the back of the dump into 0.08c at the start of the week, the SPP extension and the sales deal ann this morning, so I decided to look at little closer at the trades for today.... From my study, I can see that there has been 13 trades at 0.075c today for a total of 5.38m shares, however on 8 out of 13 trades into 0.075c there has been another trade at 0.08c with 60 seconds, bringing the price back into the black for the day. On the other 5 occasions there was a trade to bring the price back to 0.08c within 15 minutes (10:46, 10:54 & 10:58 = 11:00 / 11:57 = 12:13 / 3:31 = 3:35) Just some observations from my day working from home
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Nice observation mj, I think you’re spot on. This behaviour has been going on for some time now. My question is what are they waiting for? The SPP to finish? Or news so big they can’t control it any more? I’m not too concerned as the market will adjust as sales come through, it’s just very odd behaviour...