FDM freedom oil and gas ltd

activity last 3 weeks.

  1. 325 Posts.
    The last 3 weeks(21st of May) has seen a large drop in the share price to say the least, lets look at what happen in the share movements.

    Lets look at what happened from the subject (released on the 20th of May after close of business) that we cannot mention on here and has been moderated the cr#p out of!

    8 % of the total shares traded, just over 37 million, resulting in a 50% drop in share price.

    Of that 8% the break down goes as follows
    11 million shares traded in the first 2 days, which is nearly 30% of 37 million traded.

    After the 2 day cooling off period for the subject we cannot mention, the other 70% of shares were traded.

    Of the 70% of shares sold up to 22% of them could have be owned buy the people of the subject we cannot mention!

    So you could possibly put the trigger to that what we cannot mention, I my opinion it was a catalyst to the share price fall, the rest was just a snow ball affect, coupled with people removing risk from there share portfolio and profit taking(what little is left).

    I believe they have finished selling their shares on friday before the long weekend as we had US and China data released on friday night and over the weekend, this is why I readjusted my position on friday.




 
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