BMB 0.00% 2.5¢ balamara resources limited

Interesting trading today.We either have a large holder moving...

  1. 6,421 Posts.
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    Interesting trading today.

    We either have a large holder moving on, or a broker stuffing around with the stock, I think it's the latter. I don't think it's a coincidence that as volume has picked up, we have had more and more NXXT trades going through. I'm reasonably sure that these can only be put through by brokers.

    It's pleasing that with 17 million traded, the price hasn't dropped. In fact, the selling was met with the market snapping up the stock that was left for sale at 1 cent on the sell side.

    If it is tree shaking, for example a broker loading up the buy side and then dumping into it and selling to himself in order to scare other holders into selling, we know they would only bother with these tactics if they were accumulating stock.

    Time will tell.



 
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