This is definitely the dark side of ASX investing and trading Peter, these trades are stemming from the CXA exchange, it’s a broker given a task to achieve, with a bonus I might add, let’s say it’s 2m shares at a price under or at 8 cents on BAS atm, we have seen this playing out for 2 weeks now on BAS, and this broker has cost us a assault on 9 cents and beyond now twice this month clearly.
Sadly not much we can do about it but wait till they have there fill of Scrip in BAS, and then who ever is doing it will do the exact opposite to what they are doing currently and add the huge props needed under 8 cents to force a run above 9 cents and beyond when they obtain there share of scrip.
This opportunity is time sensitive for them to get shares at this level asap, so the pressure is on atm that’s for sure with the run of Ann’s Tino and crew have due to drop next month or really any time starting with the Quarterly report due anytime, that will pave the way of ST progress for BAS and it’s SP imo $$$&&
Its actually quite exciting when you see these kind of broker actions in play of a share I am a major holder in imo, and especially when you see it on a play of the magnitude BAS has atm to present to market in the ST, shareholders of BAS are going to be the big winners here in the ST imo crew $$$&
Bring it on
GLTAH
As blatant as the sun coming up isn’t hey
BAS Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held
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