Mate its just people exiting, no nefarious actions, explain to me how its the hedgefunds riding over ordinary folks.
Its always the anthem of hotcopper holders that whenever the share price is down "its the big boys trying to take your shares" "tree shake" "bots at work" "traders manipulating the stock" "downrampers and trolls on hotopper" with absoutely no knowledge of the mechanics behind it, cant just admit that share price is what it is as traders/investors are exiting in the share, in this case its legitimate volume exiting the stock, there is net selling , an exodus from the stock, plain and simple.
The buy on close yesterday was not bait, as it was a 1.5 million lot buy, if they wanted to close at 1.6, they would only need to do a small buy, not 20k worth. Probably just a retail punter wanting in not knowing how to enter properly, he paid up way too much.
CXU Price at posting:
1.4¢ Sentiment: Hold Disclosure: Not Held
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