asx, page-4

Only problem Garry is that everyone is entitled to buy or sell in a free market. The only way that you can legitimately deride such actions is if you find that the sellers are also positioned at or close to the market on buy side. For example, if someone placed 10m to sell at 1.6c and was also trying to buy at say 1.2c as could have been the case today, that process would be frowned upon by the ASX. But if the seller was not also actively trying to buy, it could easily be construed as someone merely hoping to sell at a higher price and doing so by presenting decent volume to the market. If someone really wanted to buy 10m, they do not want to be sitting around for ever and a day. Instead, they would be encouraged to pay up at a higher price if the volume presented itself as it did today. The sellers today were real and could have been taken out at any moment as some here on HC hoped. But that did not happen and all it tells me is that there are no accumulators or large buy orders off screen. That of course does not mean that they will not be there tomorrow or the next day!

Cheers