Market Makers at Play: Market manipulation at its best !The collapse of AUNXF today is a clear result of the MMs dumping a lot of stock they do not own. It would seem an obvious tactic of the MMs that they short AUNXF, selling the stock then buying back at a discount in Australia. Ever since suspension of AXP they have been shorting AUNXF with no ability to even their books, an accumulative short in excess of a Billion shares. If they have an average cost of say .018 which they hope to buy back on the OZ market, it makes more sense to them to dump non-existent shares on the OTC, force the market down, and make those in OZ think that the appropriate price is say .0135 or about 1.8 cents OZ.Hopefully those in OZ see through this market manipulation and hold out for higher prices, beating the Market Makers at their own game.Ozzies should stop Selling the Stock!! plz Buy the Fake High Prices!!
AXP Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)