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Hey DC, Some info on last fridays trade. It seemed obvious to me...

  1. 61 Posts.
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    Hey DC,
    Some info on last fridays trade.
    It seemed obvious to me that there was going to be some action. Thursday was a day when the sell and buy side started to increase in both number of shares on offer. Come Friday there was a large sell number at .005 when for the past weeks there has been few on offer and then the trading to sell into .004 began and wipe it. Almost immediately there was quite a few sellers at .004 to sell into .003. If looking at the sales price graph it clearly shows that this sort of thing is not new.

    There was 83 trades for the day through commsec.

    Of the top 50 holders there was only 2 trades one for 180,000 and the other for 179998 both around the top ten.

    Also if anybody was in the know or even close to somebody in the know whether that be good or bad news would they be game to buy or sell shares with insider trading laws.
    So for me manipulated trading but by whom I have know idea.

    My thoughts only
    GS

 
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