What i find amazing in ALK is that for the best part of the last 2 weeks, each day in trading hours the market depth shows more buyers than sellers overall in Alkane. And still the price goes south. There are sometimes 5 cent gaps between buyers and sellers at any given time, making it ripe for manipulation by the bots, moves 3 or 4 cents sometimes on a hamburger value trade, usually down. Even now aftermarket with all out of market orders purged it look like this
54 buyers for 398,966 units 44 sellers for 360,580 units
and the shares dropped their guts to the tune of 3.5c today (just under 4% on a solid green All ords day) The miners mostly got caned (AGAIN) Oh that's right, Wayne Swan And Jools keep reminding us of this so called "mining boom" at every opportunity.
ALK Price at posting:
85.0¢ Sentiment: None Disclosure: Held
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