Share
3,104 Posts.
lightbulb Created with Sketch. 195
clock Created with Sketch. 29/10/22
22:07
Share
Originally posted by gazzah:
↑
Maybe the person selling is also the buyer. This movement in ESS has been on for over last month. If you look at a traders position he knows the ESS project is good what ever happens He will be comfortably buying at 40 to 60cents( or higher depending were the price stands) and then only way he can make money is sell part of his holding to push the price down to buy again at a lower price. Look at buying 1 million shares at 46c he straight away puts them in the market to sell at prices 50 to 60cents then when it reaches his target say 55c he has made 9cents or $9000. and pushes price back down may be only to 50 cents as others want a bargen he gets his fill and again back in market to sell maybe this time 60c. Its manipulation in a big way but there are a lot of traders making handsome living trading shares , especially if you can have enough clout to push the stock the way you want it to go.
Expand
I think people were anticipating better current result's they did not hear what they wanted and to top it off friday blood red friday.
