12 month low, page-34

deepestred

If top 20 has not changed much and they control 80% of stock and if as I posted a week or so ago that 53.3% of total shareholding had changed hands in the 3 months to 5th April then there can be only one possible solution. A BIG SHORT POSITION. I dont know how they are managing it with STRICT ASX rules relating to shorting,(certainly CFDs would not support these numbers) there can be in these circumstances no other answer that I can suggest???

The Bot which is operating on the stock for over a month now is very smart. It continually supports the stock by taking a position between the Buy sell price then when sufficent buyers accumulate takes them all out.It is very prone to take out the lower bid price on a ridiculous low no of shares. This is particularly evident in the after trades 1600 to 1610.

Any one got any other explanations?