Trendsetters!....I've had a coupla private discussions with HC devotees as to whether the 2 CKKOA trades[the only trades of the day] were a manipulation "pump". For those who do not know what happened...at around 2-30pm someone grabbed ALL[232K] of the oppies on offer at 7c...some 20 minutes later there was a substantial "buy" of 500K at 8.5c[a 20% jump]. It is fair to assume that both "buys" were by the same entity[but, of course, not for sure]. IMO,this was NOT a manipulation but simply some-one with reasonably "deep pockets" who was IN A HURRY to get some scrip[hopefully with some "inside" info]. I don't think it was some-one who was trading with "himself" because if he/she was wanting to run the price up, this could have done with a much smaller "buy" of ,say, 100K units and would have had the same effect. This was NOT a trader tactic.....curious thing is that NO-ONE followed and the "offer" is STILL 8.5c.....all in all, an INTERESTING development....LEE [Tomorrow...stand by your "ticker-machine"]
- Forums
- ASX - By Stock
- CKK
- ..about those 2 ckkoa "buys" on friday
..about those 2 ckkoa "buys" on friday
-
- There are more pages in this discussion • 11 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 CKK (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online