I don't think you could get more obvious on the Market...

I don't think you could get more obvious on the Market manipulation if you tried.

No sooner does the clock turn over at 7:00 am Australian time and an even 500,000 BUY order appears in the system at point 9 of a cent to match out at point 9.

Then only minutes later , the BUY order for 500,000 drops out and a SELL order for 500,624 comes in the screens at point 8 cents indicating a drop back to point 8 cents.

Again only seconds later , the 500,000 BUY order appears at point 9 to still match out at point 8 for a pick up of 500,000 at the lower opening of point 8.

We are now less than an hour from those posturings and another 500,000 BUY order comes into the screen at point 9 with another SELL order for 502,493 at point 8 of a cent to continue to match out at point 8 for now 1 MILLION shares.

So for me it's quite obvious that these convenient early orderings are designed to TEST the appetite for sales at point 8 which are in turn designed for this same person or market maker obtaining stock at point 8.

And it will work if they don't get pulled.

So in my mind , that's quite a lot of early morning pre-market activity for a stock whose SP is currently less than one cent with barely any turnover in the last 8 weeks......