IRN indophil resources nl
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For quite some time, there has been a seller in the market that...

  1. gold1650
    1,811 Posts.
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    24/03/09
    14:41
    Post #: 4938593
    For quite some time, there has been a seller in the market that hits the IRN bid continually after a trade at the offer price, whether the shareprice is up, down or unchanged.
    An example is today when it trades up to 27 / 27.5, almost instantly a seller hits the bid to make it look weaker.

    My thoughts are that it is being capped to build a larger stake, but this has been going on for months now. Due to this, I feel that it is someone "feeding" the market.

    Can anyone help. I'm still mega bullish but just interested
    IRN Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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