BLT 0.00% 2.6¢ benitec biopharma limited

this is hardly a capitulation by buyers .... it is just that...

  1. 266 Posts.
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    this is hardly a capitulation by buyers .... it is just that this seller seems determined to dump this stock at any price .... he could have sold all he liked at 90 -95 at one point, but just dumped to 86 in one hit, forcing the price artificially lower.

    I thought that this was just manipulating the share price for a profit by someone with several hundred thousand shares, but they are dumping big lots when they feel like it suggesting a large holding .... lol .... which seems bottomless. It has now got to the point where there is no logical reason to dump as they may find themselves unable to buy back in as the price springs back to the CR level.

    It is not that buyers don't want to buy .... they do .... and would happily pay much more for the shares. They are just sitting back and soaking up shares an ever lower price because the seller is in such a hurry to dump.

    So what the hell is the motive? ... the dumping commenced immediately the CR was finalised, so the two are linked.

    Ideas anyone?

 
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