Our big seller/s is/are still with us. They need to offload...

Our big seller/s is/are still with us.

They need to offload shares, and it is not in their interest to take the sp into freefall...too many buyers step aside if the trend changes, not to mention a fall in the sellers profit.

They will continue to manipulate the sp up and down on a regular basis to maximise sales.

I'll give examples of their presence and manipulation.

Prior to the P & L + divvy stmt (13/8), sp opened around $16.80 closing that night at $17.10. Open next day at $17.35 (25c gap up) and closed at $17.49 (after making a new intra day 12 mth high of $17.53...the bait!).
Next day opens at $17.37 and heads straight back down under $17.

Records on the day it closed at $17.49 show large X trades of more than 1 million shares listed after market...you guessed it, they went through around $17.49. The sellers had to get the price up to where the X trades were to take place, so they just put a damper on the aggressive selling for a while...didn't take long to get it where they wanted it.

When they do this, the buyers are sucked in en-masse..."it's going up again, let's get on!"

Prior to that rise to $17.49, the sp was trading for many days in the $16.50 to $17.00 range, opening low and climbing.
I noticed that there was always a buy order for just over 8K shares either one or two lines under the current front bid (varied between 8,045 and 8,245 every time they moved it when the front bid went up or down). Then when it stayed put on the front bid line, the price went up, and it followed, one or two behind.
Manipulation to make other bidders think there was demand, and make them get in front of it...I reported it to ASIC.

Yesterday, sp opens $16.10, allowed to rise to $16.20, then they jump on it. Straight down to a low of $15.68, and hovers between $15.80 and $15.73 most of the day, close $15.76.
As soon as it got to $15.70 in the morning, a large X trade of more than 700K went through at $15.705...that's why we were there.
Hold it here all day, let's go green tomorrow, suck the bigger buyers back...no matter that the DOW was down over 100 pts! That's just an excuse to open it a bit lower ($15.60), and it's gone up all day.

The current sellers have a penchant for pushing the opening price right down from the previous days close, and then letting the sp rise all day...nice big green days...have a look on a chart over the last 10 or so trading days.

I could go on and on but it will get boring (if not already!).

The up trend has not been broken.

Eventually the sellers will run out of what they need to dispose of, but if it's Aberdeen continuing, it could take a long time.

Aberdeen:
6 Jan 2013 166,606,020 (13.92%)
5 April 2013 154,,637,166 (12.921%)
27 June 2013 145,507,464 (11.92%)

The manipulation creates good trading opportunities if you are that way inclined.