motive for driving down ndo share price, page-11

Hello everybody, my first post on NDO, be nice please,

Only my opinion: I doubt the manipulation is due to a potential takeover. In my limited experience I've never seen a potential buyer trying to push the share price down for a takeover. That practice is highly illegal and although we think that the ASX is a toothless tiger it would only take 5 minites of investigating by the ASX to reveal what the potential buyer was up to. ASIC alone could unravel it quick smart.

There could be a few reasons that NDO is being manipulated. I doubt that whoever is manipulating NDO is doing so based on NDO's fundamentals. I reckon it's by a certain type of daytrader who is far more interested in technical chart than fundamentals. The Deutsche Bank made a living there for a while by going long and short on companies at almost the same time. They became so good at it that others tried to mimic it. For me it's highly likely that NDO is being daytraded by someone trying to do the same as.

There are a few things that make me think that NDO is being daytraded, or at least short term traded: daytraders seem to move from sector to sector. Before the GFC they got stuck into the small cap Iron Ore sector. Many of them got their fingers burnt and bailed out in search of some other, more suitable, sectors. Now that many of them believe the GFC to be over, some are starting to move back into Iron Ore juniors, which could be to NDO's benefit ultimately.

Anyway most of the big daytraders started to look at juniors (Small to Mid caps) in the oil sector. They need to be able to dominate a company's trading habits, hence why this only happens to the smaller caps. Woodside could never be dominated by a single daytrader - no matter how big the daytrader think they are.

If I could use an example it would be The Deutcshe Bank's consistant attack on Beach Petroleum. In BPT's case it seemed to be attacked by The Deutsche Bank on many fronts. DB, daytrades as well as rangetrades BPT by using the favorite method of rangetraders or shortterm traders: pick a conservative bottom and go long, pick a conservative top and go short.

Some conspiracy theorists think that some fund managers are in on all of this. It seems too coincidental that as big time professional daytraders move into a sector, a lot of funds start to pull their money from that sector. Or at least no longer recommend it as a sector to invest in. Even if they don't publicly say it. Perhaps they know what's about to happen to that sector by big time daytraders and wish to avoid any carnage.


If we see the daytrader as some type of beast, it requires oxygen. It's unfortunatly receiving plenty of that at NDO with shareholders selling out and moving on to other stocks with a perception of a better growth in their SP. On the other hand, NDO has such a good out look people are acumulating stock at these silly prices. Giving the beast oxygen with volatility in the SP, depending on the market's mood.

Also, NDO shouldn't be trading in half a cent blocks. Half a cent is a change of around 3.5%. The ASX200 doesn't usually change it's percentage that much in a whole week of trading but NDO is doing it in one single trade. A daytrader making half a cent on their prior trade probably doesn't sound like much. But for a daytrader, if he can make 3.5% in one trade, all his dreams have come true.

Just my thoughts,
Regards Chelkn.