Some brokers apparently shunt the stock down and then cross a trifling 1m of stock at the lower price, as noticed over the last few trading days. As for the day traders, they obviously are a neutral factor in the scheme of things as they buy and sell the same amount of stock on any given day. They clearly are active as evidenced by their panic selling towards the close as the anticipated run did (again) not eventuate. There is obviously an overhang of stock (from the Anzoil days?) –only net buying (or selling) will move the SP. Besides, the general mood of the market is not that chipper anymore, in spite of record high oil prices – a bit like a romance after the initial passion and then cooling off :-) More hard and fast data will see results in the SP – will come soon!
As for Downrampers ala pp, it only takes a few nervous dim wits to shift the price enough to start a slide in a thin market/stock to make a difference – and every little bit counts, so why not try and use a site like HC to achieve objectives!
NEO Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
