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IMO - more likely just an early investor willing to take some or...

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AzInAsia

2,365 Posts.

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16/11/17

14:22

Post #: 28855601
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Originally posted by tbulm ↑

Can you elaborate on what you believe is occurring here?

They suppress the price by offloading 1mil shares? To what end, buy them back cheaper?

If they need to accum more at lower price than 1mil + enough to make a profit on the manipulation. It seems like a risky strategy as that is likely to drive the market up, potentially significantly more than the amount they drove it down.

Open question to all;

Also I hear a lot of talk about 'instos' manipulating the price in this way (not you, but other threads) Is this pure sophistry?

I'm working under the assumption that instos have many hundreds of millions in capital at a minimum (I may be wrong and it may be billions). Are they really going to spend time accumulating small parcels, or do they wait for/negotiate placements at the companies they like?

TB

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IMO - more likely just an early investor willing to take some or all off the table. Don't forget that everyone gets in at different positions and prices and everyone have their own timetables at which time they expect to cash out.
(All IMHO - DYOR) - GLTAH!

EUC Price at posting: 22.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $12.95M

Open	High	Low	Value	Volume
1.0¢	1.1¢	0.8¢	$67.51K	6.833M

Buyers (Bids)

No.	Vol.	Price($)
1	90598	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	88188	1

View Market Depth

No.	Vol.	Price($)
1	90598	0.010
2	2765409	0.009
14	3059484	0.008
6	1550713	0.007
2	500000	0.006

Price($)	Vol.	No.
0.011	88188	1
0.012	510383	2
0.013	926750	3
0.014	181818	1
0.015	403183	6

Last trade - 16.10pm 23/07/2024 (20 minute delay)

ASO (ASX) Chart

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