Seriously though, I suspect these are markers for fully automated trading. I have no doubt in my mind that a lot of the swings are dirty tricks to loosen the grip of holder.
They fill 500k sell on 39.5 wait for a few sellers to jump on with them , minimal buying against them as 4m wall at 40c. When enough sell orders follow their lead they swoop & buy the whole lot. Inversely they could decide to sell all morning & bring the price down this arvo to buy back. Its annoying because the way copper prices are giong we should be well through 40c by now. the big boys are having a field day making the sp look like it cant break 40c.
This week has been a lame duck for PNA, I was expecting the run to resume when it turned off 37c. question is will they do the same gain @ 44c or let it go to 48
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