EDE 0.00% 0.2¢ eden innovations ltd

Watch for a pump and dump

  1. 18,521 Posts.
    lightbulb Created with Sketch. 1009
    If there is any bot trading that is having the effect of walking UP the SP (the reverse of prior fund raising walking down) it will be a repeat of the last fund raising outcome where the SP was walked up a little prior to the big sell off of the new shares.

    Watch out for a pump and dump. History has a habit of repeating itself, particularly where it relates to share trading. In the absence of this event it will be a positive and mean they may be long term investors. Good financial management by the company would have placed an embargo on the resale.
 
watchlist Created with Sketch. Add EDE (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.