MAY 3.13% 3.3¢ melbana energy limited

Ann: Drilling of Zapato-1 exploration well commenced, page-88

  1. 11,540 Posts.
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    you can't tell me that all of those sellers suddenly piled up at 10 are real and wanting to be hit? Surely they are looking to push this down to buy again and then push it back to the 10/10.5 zone so they can offload at 10. That's what seems to be happening in my view. We couldnt attract a seller at 10 for a day and half... as i suspect whomever is playing trading games was hoping we broke 10.5 and they could dump higher. Didnt happen so they dumped 10 and then started piling up sells to try and capitulate it.
    Unless someone can explain why else we suddenly have millions diving into the 10 queeu, the 9,9 queue etc.
 
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