Today's trading is a good example - last 30 odd trades are at 1.9c then after close (2.10PM) there are 4 trades all marked AC at 1.8c so below the sale price of the last 30 parcels. The only time PCL traded at 1.8c today is the last four trades out of several hundred. This pushes down the closing price for the day but is not indicative of what was happening when the market closed. And of course tomorrow, some poor mug who does not look at yesterday's trades may think that 1.8c was indicative of the whole of the previous day's trading and is happy to sell at 1.8c.
The bulk of the trades were also under $100 today, with a lot under $50. This is not retail investors - who would but $100 of stock and then pay brokerage on top of that - it does not make sense. This again indicates brokers at work.
Of course this does not only happen to PCL. The ASX allows some things that I find very "dodgy" IMO.
PCL Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
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