AJA 0.00% $7.23 astro japan property group

how low will she go, page-2

  1. 1,752 Posts.
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    AJA seem to be stuck between 39 and 40.5 c for about a 2weeks on very low volumes. It seems to me that someone is manipulating the SP. Every time aja moves above fourty sudenly a small parcel or few goes through the market bellow 40 and then large parcels change hand at 39 or 39.9 and so it goes. As soon as the price strugles to 40c or above same things happens. Specialy towards the end of the trading day this is very noticeable. And then in the aftermarket auction good size bundles are changing hands at lowest price of the day.
    While some of it could be due to day traders activity, I do not realy believe it because the downtick parcels traded towards the end of the day are usualy so small that the profits would not cover the commisions.

    It is the aftermarket where accumulation on cheap is taking place.

    By the same token there are always buyers at 39 and 39.5.

    I would wait if I were you, there is about 6 months to the next distribution, you have already missed out on the current one.

    Brian
 
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