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clock Created with Sketch. 09/12/16
10:48
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Originally posted by Dingoheeler
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I don't think MLX/WGX is directly buying shares at all. I speculate that banks, who are in the business of preparing the groundwork and then executing mergers and acquisitions, can easily use their high frequency trading algorithm trading desks to " shake the tree" and just see what happens. I see this as a probing excersise and the first part of an overall strategy. Several months ago, the banks might have considered our shareholders ripe for the picking. However, with hindsight, I think not too many shareholders have fallen out of this "tree shake". Best laid plans don't always work out.
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Anyone notice the nice 1.5mil buy order that suddenly appeared in the queue? A prop or something more perhaps? Very interesting!! I bought another small parcel yesterday....couldn't help myself. Good luck all. Cheers
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