MEO meo australia limited

31c, page-17

  1. 702 Posts.
    that is what you call a completely manipulated flush. That seller @ 31 of 2million who only actually got 150k of his order sold before pulling it, to flush into 30.5 where we see a 1.5mill bidder appear which then gets crossed!! so no actual trade, sucking in all the algorithms and panic merchants, then I am presuming the flusher is the buyer now taking all he can @ 30.5/31/31.5 and here we are @ 32.

    Cant wait to see the broker code data in 3 days to see if its all the 1 broker or a coordinated 2.

    As a trader i am happy not to get burnt in that totally corrupt play from some big player. But i guess it happens all the time. Manipulation at its finest.

    Happy to sit on the sidelines until we get a bit of stability and the quarterly cash flow, which should show some $50mill left in the coffer gets assessed by market.

    my sentiment is Long Term Buy, too many irons in the fire this one, but that manipulation is pain in the butt
 
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