Ann: NT Fracking Moratorium Lifted, page-62

Just sticking my nose in guys - I couldn't resist commenting when I looked at the chart of EEG - there are at least four occasions when EEG attempted to rally since 17/4 and each time it was met with supply and knocked down, till finally in early July the small punters finally gave up as well. This is a classic move by market makers (the really big guys) to take advantage of the market and really knock a share down to where they think it will be worthwhile.

Seeing the price action today with the bot buying and becoming aware of MacBank's involvement the whole thing almost becomes self explanatory.

At least EEG does appear to have found a low recently and seeing the buying today there is some positive side now, just have to wait and see what effect the second tranche of the placement has on the sp.

I'll certainly be ready to trade this one when all is sorted. Good luck.