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0.2¢ new zealand coastal seafoods limited

It sure does Lambo When acca posts the broker data for three...

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coppa1

14,055 Posts.

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22/10/15

07:11

Post #: 16226183
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Originally posted by Lambos ↑

i think the implication is they are selling to themselves and accumulating their own shares plus the weak hands

This is an illegal activity if true

For example, you add multiple trades of 3-5 millions shares on the sell side on a weak day with your CMC account, weak hands add another 2-3 million on the sell side as they basically trade using buy and sell depth and panic when they see so many shares for sale

You then line wipe the 1.8 line buying 5-8 millions shares, with your etrade account, net result you have accumulated 2-3 million more shares than you had before, and which would otherwise have cost you more had you bought into the sell depth and spiked the share price and created FOMO which is not in your interest while still accumulating

At the same time you have with your etrade account 2-3 million shares buy at 1.7c incase the spooked weak hands dump into your 1.7 instead of adding to 1.8

You play both sides and accumulate, accumulate

Hope that made sense

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It sure does Lambo

When acca posts the broker data for three days I would imagine that most volume is comsec and etrade with comsec being the one with most volume

XTV Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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