DSE 0.58% $3.45 dropsuite limited

pushed down again, page-24

  1. 412 Posts.
    Imo trying to push the closing price down has very real reason behind it. A lot of day traders use radar scans to track for certain movements in share price. Close at 18% up would certainly attract a lot of unwanted attention from day traders. Once day traders zero in on a certain stock the price can jump a lot very quickly. This is obviously not a welcomed development if you are trying to accumulate stock at the lowest possible price. Hence, attempt to close it lower, though the 80% of the buying was done at a higher price. This way they try to camuflage it from the rest of the market. You and me know about EXM. There are thousends of traders who probably never heard of it at all. The only way they might learn about if it it shows up on the radar. That's why small sacrifice of a token amount at the end of trading is worth to protect another day of happy buying at a bargain price. They can not afford to buy too much on a given day as well otherwise the volume goes up - another radar click.
 
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