IOOF are getting out at 2013 prices because there are no buyers...

  1. 2,558 Posts.
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    IOOF are getting out at 2013 prices because there are no buyers lining up to take the shares off their hands and why would they when they know they don't have to bid up the price with IOOF clearly showing they are prepared to get out quickly. I know I have told my friends there is no need to bid up the price just go in the buy queue and IOOF will fill your order soon enough. The downward momentum will only change once some good revenue numbers start coming in and we don't have the likes of IOOF selling large parcels into the good news. Maybe IOOF have some inside information that the rest of us don't have, but I highly doubt that as if they have so much inside information access why did they dump MBE and load up on MNW when it was double it's current price.
    I don't see MBE as a good traders stock as it lacks significant volume and price action, two key components that traders looks for.
 
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