I did a bit of analysis work on the spike on friday, and realised that the spike from 5.0-5.7 was over a period of 15-20 minutes.
this to me means 1 thing... that is, a large holder is taking part of the company. It would be a different story if it was small fishes like us accumulating all of a sudden, or short termers buying up.
Now we have to ask ourselves who this large investor is?, what does he know, why buy up lots of shares now ( yesturday) and not while it was consolidating for 10 trading days around the 4.8-5.1c mark.
I am confident that the big buy we saw yesturday, was something someone knew and taking a position. NOT MANIPULATORS, i cant see it being manipulators cause if it was, we would of also saw a big sell off at the end of the day, or profit taking.
Rather the stock ended up on its high, as if there is much more legs for this to shift upward.
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