One need to clarify this but I suspect from the no of crossings that a commsec client caught on a margin call is being sold up....it may not be anything to do with MAE but is collateral damage caused by another stock or financial woes outside of the ASX.....someons should call their broker with access the 3 day broker involvement stats as to buyers and sellers.....if its not over then 20c is not impossible...when it is we see a immediate return to +40c...
a broker uses a few tactics to create vol sales....for example today when buyers were fairly this MAE was sold down to 25c....giving the impression that it was oversold....that sucked in buyers that brought vol back to the overnight pricea and more at 33c....then when support was strong ....WHACK seller re enters and sell to all buyers on screen.....seller dumps a few more at low prices and the cycle repeats itself.....
next step is a leg down and the cycle repeats untill seller is exhausted....regardless of value......once in a lifetime buying opportunity for a brave few who believe and take the plunge to build up their holding.....safe at a little at a time....
- Forums
- ASX - By Stock
- MAE
- suspect margin call taking toll
suspect margin call taking toll
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MAE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online