why doesnt 1pg get in on au market?, page-46

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Naish

2,061 Posts.

07/10/15

12:27

Post #: 16129350
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Originally posted by jack.nesta ↑

Guys I am not down ramping but simply stating the facts. I sold out yesterday at $4.90 simply because I find this stock to be quite manipulative. As you can see from $4.70 2 days ago to $5.10 yesterday to a intra day low of $4.70 which is a 10% swing each way in a $700M market cap company without any financial/sensitive news.

I am happy to be proven wrong by any one here if they would like to argue or critique my judgment.

One other thing i noticed when selling yesterday was the report of I got from CommSec which basically said that my qty of 2,000 was sold to 11 different buyers ranging from some one purchasing 1 share (yes, 1 share) to some one purchasing 500. Is this a sign of manipulation? Probably...again happy for any one to debate.

All of the above doesn't mean 1-pg will crumble to $0, I still think the company has a lot of potential with a great CEO in Jo but for now I am going to take my profits and sit out until the next significant release.

Cheers and GLTAH

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Go to "Course of Sales" or something like that on Commsec and you will see the trades for the day. Just high frequency traders doing their thing - they buy and sell in small parcels and move the SP up and down. Probably shorts pushing it down today.

1PG Price at posting: $4.71 Sentiment: Hold Disclosure: Held
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why doesnt 1pg get in on au market?, page-46

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