IMO it was a well planned game from the duo....NZS (a good stock) was used as a bait people (mostly novices) made money got excited then followed the duo into other not so good stocks and got burned. It was planned from the beginning. Big holders and other instos wanted out of those stocks and probably hired someone to create frenzy and do the cleansing (change of hands), in order to minimise their losses. All of it during reporting season...what a timing hein?
By the way I am an holder looking to LT and topping up more. Just been watching on the sidelines lately.
ALL IMO
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