CNN cardia bioplastics limited

cnn-patent granted , page-9

  1. 689 Posts.
    Madmacs,

    They seem to be progressing on several fronts , yet the price action does not reflect same. Why does the market buy 1.5 million shares at an average of 9.6 cents on the back of the patent announcement and then a lousey 100k shares brings the stock down by 2.2 cents? In particular someone sold 5000 shares to bring the price from 8 cents to 7.4 cents ( $350 approx which you would hardly cover your brokerage fee) Similarly approx 10,000 shares took the price from 8.5 to 8 cents. This is not normal trading and I firmly believe that the buyer sitting at 7 to 7.2 cents is dliberately trying to bring the market to his buy price. This happens too often with this stock . What is your opinion?

    cheers.
 
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