CDU 0.00% 23.5¢ cudeco limited

major milestone coming, page-324

  1. 4,265 Posts.
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    Hi gjcl,

    There is still some way to go , but I have a feeling that another attempt like the strike on the CDU share price on the 18th August, 2010, will be too dangerous to be attempted again by CuDeco predators.

    The highlights of trading on the 18th August, 2010, were thoroughly researched in the "CuDeco Shareholder Research" document and some of the findings are summarised as follows:

    1. A CDU share price that endured an irational 49% price fall compared to before the trading halt and a 31% fall from its opening price on the day. All triggered by trading activity that took advantage of an under reporting of Rocklands mineral resources. Since that time the JORC has reen re-adjusted from 30mt @ 1.24%Cueq to 30mt @ 1.90Cueq.

    2. Relentless selling pressure throughout each hour of trading with C...........Securities instrumental in forcing lower prices despite their accumulation over the course of the day.

    3. A volume spike caused by a torrent of wash trades that swamped the market and prevented it from providing proper price discovery. A record 16.45 million shares traded.

    4. The release of an unsigned boker report on F...... letterhead with a price target of $1.20 soon after CuDeco re-commenced trading. F...... had previously put out a recommendation of $9.60 per share for CuDeco on the 26th August, 2009, with analysts based on expected grades around 2% Cu.

    5. F...... were also prominent as sellers in the Pre-Open auction to commence trading.

    6. Dominance over trading by brokers previously identified as acting mainly for corporate entities and institutions i.e. the so called "sophisticated" or "better informed" sector of the market. And as evidenced by the register, they retained their holdings.

    7. Dominance by C........... Securities with their buying and selling for retail clients, (with a net accumulation bias as per the register) but more particularly their dominance all day long throught the large amount of churn they implemented for "sophisticated" clients.

    8. Also remarkable was the 897,945 XT trades put through the market by C........... Securitiescompared to second ranked D...... Securities with 115,686. The details associated with the of XT trades would be able to provide useful insights into the trading that took place on the 18th August, 2010.

    9. The dominance of B..., D.., H..., P.., M..., and G.. with their heavy net selling most likely to be on behalf of institutions and corporate entities given their lack of retail clients in the previous 7.5 months of trading.

    10. Highly anomalous "Down Tick" statistics which support the notion that the share price was manipulated/managed downwards throughout the day by a constant flow of wash trades between supportive brokers. The ASK to BID associated with price falls was an astonishing 941 to 71.

    11. Brokers who wwere prominent in daily trading(C.... U.., M..., & M...) in the previous 7.5 months, playing much more subdued roles on the 18th August, 2010.

    12. A CDU share price that retreated through every hour of trading amidst record trading volumes.

    13. The possibility that a great deal of naked shorting took place intra day.

    14. Brokers S... and A..... took on uncharacteristically prominent roles in churning stock with much higher participation rates than previously established over 7.5 months. In one day's trading they eclipsed the total of all their previous involvement.

    It is to be hoped that the Senate Inquiry into ASIC will open up this event for a thorough investigation.

    If I get the opportunity by being called up to give my evidence to the Senate Inquiry into ASIC, the foregoing information will be presented with the full research material.


    cheers,

    Max
 
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