You are absolutely right, its a game being played by the big players whose strategy is to sell small parcels at increasing lower prices to push the SP down. At the same time they are spreading rumors through media about growth being erroded by competition from Nestle. Wonder how the growth of a huge company like a2 can be eroded in few days after Nestle entered the market. Naive and weak retail investors are getting spooked by lower SP and rumors, thereby offering their shares unknowingly to the big players at lower prices. Thus further pushing the price lower. This game started the day a2m was announced to enter MSCI. Eventually all these shares picked from weak hands will be used in the index rebalancing. Many HC members had warned about this game days before the MSCI annoucement. After the rebalancing on 31st May, weak hands will be out of the game anyways, and the game will end too.
Then the SP will stabilize and move upwards. Because that will be in interest of the big players.
Chart update, page-10639
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Last
$5.28 |
Change
0.090(1.73%) |
Mkt cap ! $3.822B |
Open | High | Low | Value | Volume |
$5.23 | $5.29 | $5.14 | $18.87M | 3.614M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12652 | $5.27 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.29 | 3513 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 12652 | 5.270 |
2 | 10000 | 5.260 |
5 | 34855 | 5.250 |
2 | 18470 | 5.240 |
3 | 17039 | 5.230 |
Price($) | Vol. | No. |
---|---|---|
5.290 | 3513 | 1 |
5.300 | 46648 | 6 |
5.310 | 13325 | 4 |
5.320 | 16431 | 4 |
5.330 | 14034 | 2 |
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