Someone is deliberately manipulating the sp of this company while accumulating at the same time IMHO.
To satisfy my curiosity and prove what I was thinking before posting and sharing my thoughts with you, I put a buy order in about a week or two ago (possibly even longer) and guess what. To begin with nothing happened and my offer remained untouched for days. Then all of a sudden a small amount of shares (about 1,000) were sold into my bid offer and then nothing again. Then another small amount was sold to me only to remain dormant for a while longer. Then it all started again with the selling of just one share (YES 1 Share at the time each day) in the hope that I would remove my bid offer due to the high costs of trading just 1 share per day, but I didn't...I left it there.
Lucky for me that NAB trading, once you pay your initial brokerage fee and you leave your bid offer in until completed, it will not cost you anything anymore. So those 1 share per day buying cost me nothing at all extra.
Then, although I was the next bidder online for days and days on end, there were shares traded at the same price while my bid offer remained untouched. As to how this was allowed to happen under the watchful eyes (OR NOT SO WATCHFUL EYES) of the ASX, that I don't know. They are good aren't they.??? Perhaps they fell asleep at the wheel, or someone was very busy drinking latte with a nice looking sheila instead of keeping an eye on proceedings.
I wonder if they were selling and buying to themselves.??
Then it started again with some very small number of shares sold into my bid offer and finally, seen that my bid offer wasn't going to be removed from there, all of a sudden a sell offer came in exactly to the same amount of my bid offer thus removing me out altogether.
Now, who would that be that went to all that trouble.??
Bloody disgraceful if you ask me.................but it is all legal mind you.???
Yep our Regulators are doing a really excellent job..............NOT!!!!!!
Regards
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