....maybe have a look at my previous posts...it is strategic tree shaking...very easy with a stock with low trading volumes where only 12% are not held by top 30 investors...
...so these main shareholders, like FIL will sell/short selling say 100,000 of shares...the stock goes down 20% and then they buy say 200,000 at a much lower price than they sold...this goes on until they have accumulated an X amount of stock... at a much lower aggregated cost price, than before....
...main objective is to force impatient retail investors to sell... and if you look at the last 2 years...worked like bomb....especially the algos between 16 & 45 cents last year....
...company will soon be taken private via a buy out/trade sale if you ask me.... so the more they can accumulate now, the better.... probably last round now after 2 years of silly games...
...my two cents...
- Forums
- ASX - By Stock
- GSW
- Ann: Change in substantial holding
Ann: Change in substantial holding, page-8
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GSW (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online