It will be interesting to watch over the next few months - those upstanding and honourable participants in the financial community are bound to be up to their old manipulations again.
The last time NextDC did a cap raise (September 2016) the instos spent the next three months running long/short trades to an obscene extent. It started with broker upgrades, a push up in price as they entered positions and then a massive dumping as they all borrowed shares off each other to run shorts.
We already have the brokers' upgrades, the shorting has started (although they only report a tiny percentage of what they do) ....
It all looks familiar .....
I suggest everybody keep their eyes on the ball here and consider any investment carefully; there may be some good buying opportunities over the next few months, and some pain to bear whilst the big insto hammers come out to frolic.
NXT Price at posting:
$6.73 Sentiment: Buy Disclosure: Held
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