PSA 0.00% 2.1¢ petsec energy limited

down 22% now since 6 december, page-11

  1. 5,439 Posts.
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    The cumulative vol traded out by this one party suggests somebody well up the top 20 list. But why? Imho I still don't buy the manipulation scenario, mainly because I can't yet see the underlying purpose. I still think a substantial holder is prepared to dribble into an illiquid mkt, even if they push the price down, thus taking some collateral themselves. Parking large blocks in the sell column would probably have unsettled the mkt more. If you believed you could get back in later at a lower average it's still rational behaviour. Also, who knows what tax issues this seller has. May have realised a stinking big bundle on NXS. Somebody must have done so, and it wasn't me! Btw, haven't seen Grahamc58 for a while. He used to be a PSA bull didn't he? Anyway, I'm just riding it all out and probably topping up if it goes south of a buck. Six months isn't long to wait and this should be ancient history by then.
 
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