MBN (ASX) Ann: MBN Plant Shutdown

Originally posted by tomboy ↑

Smells fishy, very fishy. Someone knew the announcment and was waiting offscreen for capitulation sellers, over 10M shares swiped low 10.5-12.5c then back to normal. Unbelievable. Sellers got Punk'd Again.

MBN management must be in on it as the timing was perfect. Seeing the DTs burn up, with a planned short flush out code 4. Instos with large buy volume swept up the stop losses and capitulation sells and then back as if nothing happened. Close at 12.5c is a green hammer bullish reversal formation, so 12.5c is seeing a lot of support several times. Its bounced off this several times, in 1 day it went 12.5c-16.5c .

The sellers today are spitting chips AGAIN! How predictable is this script? The capitulation sellers got cleaned out AGAIN! You are right, this is like taking candy from a baby. Stay long with no offers or stop losses on screen, they know where your SLs are.

Seems that the 10.5-11.0c flush lasted less than 30 minutes or a short time with buyers offscreen flooding in onscreen. What a surprise! The sellers ought to have backed out then and smelt the rat. looks like many did back out, the bids then rocketed up in volume even after this 12M cleanout showing me that there are large buyers sitting offscreen with complex software which trigger a bid frenzy on low drops.

i call these goprofit bids...they sit offscreen then trigger large buying bids onto screen and clean up. hence high volume today.

expect a clarification announcment with restart of plant & bullish news shortly. Management and US holders are killing the short traders. Its about volume not the SP for the last 42 days.

Something BIG is on its way. No reason to buy in large volume 10c-17c if its staying at 12.5c right? Expect a bounce back. these buyers today want 17c+ forget 12.5c. Last chances for cheap shares.

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I cant believe I missed this one again this morning.
Was watching it drop on the way to work and thought should be some more at 11c.

oh well will either have another chance to buy more over the next week or it will be over 16c.
either way happy days.