MCR mincor resources nl

Tell me that this market hasnt been manipulated and the sheep...

  1. 1,539 Posts.
    Tell me that this market hasnt been manipulated and the sheep followed in droves.
    PON still at us$14/lb
    LME Inventories at record lows....yet on the back of no bad news sp collapses 25%.
    Retracements are expected on the back of rises, but 25%??? Id say it was helped along somehow.

    I'd speculate some smart funds/brokers took profits, triggered stop losses and shorted us making a market on the way down.
    Today or tomorrow they'll buy back in and profit on the way back up.
    I dont have the sensibilities for day trading yet when you see this caper happening.On the back of MCR's rise over the last 3-4 months, Id say we were ripe for the picking.
 
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