In a more fundamental market I might suspect selling based on bad news coming.
In this market imo, just someone either desperately wanting out or being pushed. The big sell order at 270 on close glinched my view. Someone prepared to feed the market faster than it could chew all day, then prepared to push it down another couple of percent to offload another few hundred k on close.
My view - Opes Prime is no orphan.
I saw same behaviour with AOE on Friday, suspect WSA and OXR/ZFX have been strongly played with also. Look at the bounce in AOE and WSA, not sure MCR won't do the same.
Different broker perhaps, but same problem. Someone has too much debt.
I bought a few more today, but at 287 just before the slide.
EL
MCR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
