VPG vodafone group plc.

That auction was infuriating. A couple of people playing around...

  1. 1,337 Posts.
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    That auction was infuriating. A couple of people playing around so that a single share was the difference between .13 and .135....a game. Can anyone explain they it happened and what the psychology is? I don't quite get it.
    The fact is, there are very few on offer at .135 and that's great news. No big dump like yesterday. Again good news.
    I would be interested in knowing what others think about why the price is being so carefully controlled.
    As for the chartists, I respect you all of course, and there is a lot of experience there among you. But if I had, say, 20 million shares, your charts would not be able to predict what I might do with them. Today, I could have driven the price up to .15 with that 20 million parcel, or I could have driven it down to .12

    The problem is, there are quite a few out there with that many and more. Trends are great, but there are two conflicting charts on this thread as I write - one says that we are not at an oversold (buy) part of the cycle, and others suggesting that this is building for an explosion. They can't both be right.

    I reckon that VPG is un-tradable in the short term. No one among us can say what will happen tomorrow, and that's why I am going to do nothing at all until at least after the AGM. This holding pattern is what I expect, as this company is as tight as a drum in terms of leaks.
    ST
 
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