Thanks for sharing your analysis :) 867 shares was via CHi-X...

First 30 Last

Share
Profile

Follow
Charterrierist

6,018 Posts.

686

05/12/18

18:31

Post #: 36762395
Share

Originally posted by Minrose ↑

In terms of today's course of sales, I actually have a conspiracy theory.In my opinion it's some people that takes advantage of the whole market panic combining today's "release from escrow" announcement. Though the date to release is a bit far away but it is possible to instill the fears in a few shareholders.

I did some research on the course of sales. The first two transactions amount to 100000 shares changing hands at 10:15 am one of which initiating the price drop is a XT transaction. Then at 10:21 am this guy ( group) put around 120000 shares to bring the price to 0.125.At 10:22 am the market is flooded by another 100000 transactions to effectively eliminate he 0.125 bid. After some futile effort to bring the price up to 0.13,at 1:49 pm someone initiated another XT transactions to bring down to 0.125. It is highly doubtful that the other 58469 volume going through at the same time is stop-loss triggered. The price is persistently brought down by 867 shares at 2:22 pm.The bomb at 3:37 pm was initiated by a 3133 transactions and then 24000 at 0.125 and 8000 effectively brought the price down down to 0.12. Then I am highly suspicious that most of the transactions are stop-loss triggered. What makes me lean on this conspiracy is because if you look at the sellers depth, 575000 shares just for one seller is there all the day. I can only take that as a scary tactic while it is no any use and profitable to put on orders like that. I biased on this conspiracy and try to decipher the transactions as above. I think it is a calculated and efficient tactic to accumulate rather than to exit.

Don't make me wrong, I know I am highly biased.Becuase I can't find any reason to sell at this price at this uplift turn point of this brilliant company.Different deciphering is always welcomed and not a offence at all.

Expand

Thanks for sharing your analysis

867 shares was via CHi-X which is the first in a very long time. Not too sure what the intention is there. 3133 shares was actually a part order of mine - a buy of 4000 of which I filled the 867 leaving the 3133. I made a total of 3 buys today totalling around 40k as previously mentioned

I just find it hard to believe that anyone would be selling at these levels - crazy!

Last edited by Charterrierist: 05/12/18

SE1 Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

PR1

Nanocap Pure Resources acquires Reedy Creek garnet project, WA

Trump is President Again: What Does This Mean for Crypto?

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

PRS

Prospech finds dynamite heavy REE grades from historic core in Finland