Isn't that odd...despite the market depth heavily skewered with buyers outnumbering sellers by many millions all day, MEO managed to fall over 7% on the day and conveniently manipulated up a half cent in the auction to close just below the VWAP of 32.60 cents. That tells me that the buy side was overloaded with prop buyers to rope in more victims throughout the day, even when it fleetingly hit 33c it got re-smashed hard. Market manipulation is right out of control on the ASX, there wont be many retail traders left this time next year if this fraud is allowed to continue unchecked.
MEO Price at posting:
32.5¢ Sentiment: None Disclosure: Held