spp, page-6

hi equator

"very unusual price action today", yep especially in the last 1 1/2 hours, honestly, if i was David you would consider never giving the every day shareholders a chance again if this is what happens.

but, had a close look at the trades today, most suspicious that it was bought up on 28.5 million worth of shares and sold down on 5 million worth of shares to be issued at the same price and we already knew about them.

here is a list of trades throughout the day that i believe were placed deliberately to scare longer term holders in to thinking they were selling at a good price.

10.07.37 - 3 sales totalling 129 shares or $63.86 to bring the price down from 50c to 49.5c, an obvious broker trade.
10.08.28 - sale of 1300 shares or $637 to bring the price down from 49.5c to 49c
10.17.00 - sale of 3000 shares or $1455 to bring the price down from 49c to 48.5c
10.17.59 - sale of 1020 shares or $494.70 to again bring the price down from 49c to 48.5c
11.05.36 - sale of 3125 shares or $1453.13 to bring the price down from 47.5c to 46.5c
12.01.57 - sale of 1250 shares or $575 to bring the price down from 46.5c to 46c
12.18.28 - sale of 2200 shares or $1023 to bring the price down from 47c to 46.5c
1.16.28 - sale of 2000 shares or $930 to bring price down again from 47c to 46.5c
2.51.40 - sale of 1500 shares or $697.50 to again bring price down from 47c to 46.5c
2.54.31 - sale of 2000 shares or $930 to once gain bring the price down from 47c to 46.5c
3.20.31 - 4 sales, all 1 overall sale of 1076 shares or $500.36 to bring the price down from 47c to 46.5c again.
3.53.49 - sale of 665 shares or $285.95 to bring the price down from 44c to 43c, another obvious broker trade


getting the picture??? after everyone of these 12 sales it appears as if the SP tried to rebound only to be knocked back down.

what a perfect time to bring out these trades, try and scare the already edgy RFE holders to sell.

hope this kind of activity ceases but i suppose while this person continues to snap up the cheap shares at this rate, why stop!

announcement came out tonight that could also possibly explain the drop, Tranche 1 was completed on 28/3/11, not exactly sure when these investors got these shares but could possibly explain why the SP has dropped this week from 50c to 44.5c, perhaps some of the sophisticated investors mentioned where purely in it for the quick gain, not the longer term.

suppose we may see tomorrow a substantial holdings form to settle the nerves.

still waiting for coverage from Baillieus, the AFR article mentioned 97cps for RFEs current existing enterprise value but was awfully short on other details, ie how many shares was that based on.

interesting past 2 days, hope to see the manipulator disappear and hope that the knew investors mentioned on 22/3/11 are not already selling??