LNC 0.00% 99.5¢ linc energy ltd

Hi David,I think i mentioned this on another thread. But this...

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    Hi David,

    I think i mentioned this on another thread. But this seems to have happened at least 2-3 time daily over the last 2 trading days. (I wasn't watching as closely last week)
    Drops 5-6c in one minute for no reason whilst in upward trend.
    The only thing I can think of is manipulation (there is no doubt bots over this one - again look at course of sales).

    I figure accumulation, as per this thread. Someone (insto etc)drives up interest by accumulating slowly and ticking SP up. Traders follow trend and buy. Insto quickly floods with cheap shares and sells down, triggering stop losses (like yours), others sell down out of fear of crash and sell cheaper, at which point the manipulator re-buys your shares cheaply. Repeat.

    At least that is my take on it.
    Might pay to set your SL a bit further out if possible.

    Please don't take anything I have said as investment advice and DYOR.

    Cheers
 
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