Not specifically aimed at you Katana but I was looking for an opening to slot in my overview.
I disagree with yout take on the manipulation...how many punter do you know that can pump a 500K- 1 mill buy or sell order one minute then pull it just in the knickers of time after they have achieved a "roadblock" either way forcing a buyer or seller to jump in or out one level above or below the roadblock (only if they need or want to play).
So to all MEO holders (current).
Some prime examples of Institutional buying selling and shorting are listed below in the links.
In my view this is what is/has been happening to MEO one way or another this week.
It may ease the pain with regards to the latest high volume and high trades mixed in with the piddly Bot manipulation to push the SP up or down.
For you sleuths out there, spend a couple of hours and go back to the charts for the links below and see how they impacted on the SP .
This is what we are up against ....only IF YOU SELL into the unknown.
If you know how it works then you will in a better position to judge if you should sell,buy or hold.
If we all decided to put a days? moratorium ( or even half a day) on selling it may just be enough to trip up the Bot. If an algorithmic programme cannot buy into a real sale then the game is up. It can only buy and sell to itself for so long..you might see 1000 trades equating to 10-100K shares traded in a 0.5c range...The shorters would hate that and panic...wouldn't that be great! ...Shareholders revenge!
Typically ,from my observations of the MEO over the last few days I see that the manipulator will stack the buy side in the morning or not enter ..let the SP rise..and then start to stack the sell side with single orders or 200,000 -1m shares ...creating a sell momentum over a few hours.
If you have the time or inclination ..copy and paste the links into your browser and have a look at the registered trades.
It will indeed be interesting to note if the has been a change in the top 20 and if the has been a change to one or more of the substantial holders (> 5% holding or less than if ceasing).
Far too much manipulation going on in the stock market ...I hope ASIC have some balls and put a stop to this load of #$%&? (Self moderated and leave that to your imagination)
links below:
LYC: Lynas ...ceasing to become a substantial holder
http://www.aspectfinancial.com.au/docserver/01127764.pdf?fileid=01127764&datedir=20101201&edt=MjAxMC0xMi0wMisyMzo0OTo1NysxMjArNjQzNjE3MTgrZXRyYWRleG1sK3JlZGlyZWN0Ky9pbWFnZXNpZ25hbC9lcnJvcnBhZ2VzL0V0cmFkZVBERlRpbWVvdXQuaHRtbCsvaW1hZ2VzaWduYWwvZXJyb3JwYWdlcy9wZGZkZWxheWVkLmpzcA==&popup=true
MMX: Murchinson Metals ...ceasing to become a substantial holder
http://www.aspectfinancial.com.au/docserver/01125245.pdf?fileid=01125245&datedir=20101125&edt=MjAxMC0xMi0wMisyMzo1Mjo0NisxMjArNjQzNjE3MTgrZXRyYWRleG1sK3JlZGlyZWN0Ky9pbWFnZXNpZ25hbC9lcnJvcnBhZ2VzL0V0cmFkZVBERlRpbWVvdXQuaHRtbCsvaW1hZ2VzaWduYWwvZXJyb3JwYWdlcy9wZGZkZWxheWVkLmpzcA==&popup=true
MMX: Murchinson ...becoming a substantial shareholder notice
http://www.aspectfinancial.com.au/docserver/01124084.pdf?fileid=01124084&datedir=20101123&edt=MjAxMC0xMi0wMisyMzo1ODozNSsxMjArNjQzNjE3MTgrZXRyYWRleG1sK3JlZGlyZWN0Ky9pbWFnZXNpZ25hbC9lcnJvcnBhZ2VzL0V0cmFkZVBERlRpbWVvdXQuaHRtbCsvaW1hZ2VzaWduYWwvZXJyb3JwYWdlcy9wZGZkZWxheWVkLmpzcA==&popup=true
SDL: Sundance ..Becoming a substantial Holder
http://www.aspectfinancial.com.au/docserver/01102953.pdf?fileid=01102953&datedir=20100930&edt=MjAxMC0xMi0wMisyMzo1NDozMisxMjArNjQzNjE3MTgrZXRyYWRleG1sK3JlZGlyZWN0Ky9pbWFnZXNpZ25hbC9lcnJvcnBhZ2VzL0V0cmFkZVBERlRpbWVvdXQuaHRtbCsvaW1hZ2VzaWduYWwvZXJyb3JwYWdlcy9wZGZkZWxheWVkLmpzcA==&popup=true
Cheers and good luck.
No advice given or intended..strictly my views expressed above..it's your money..don't let anyone play with it.
PS:
I am also of the opinion that on the day we came out of the TH the sell side volume was stacked...
Roughly 2mill buy and circa 10M sell .....very unusual to say the least..it got to 5mill but about 3.30pm and 10 mill sell about the same time until the last few minutes of trade ,where the sell side increased to 11.5 mill approx...approximate figures but close enough...
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