If someone is continuously selling, apparently selling down continuously, there are 3 possible reasons atm:
1. just literally selling down to exit in a negative views towards company and its future perspective.
2. intentional selling down to lower its SP in order to accumulate later on at far lower price.
3. potential company interest party(ies) could make its SP lower intentionally as much as they could to buy out
significant holdings or, even unlikely of T/O, at lower price.
Personally, not likely the first option, but.......not quite sure.
Sometime ago I exited with only very minimum holding to check its SP when I see seemingly apparent SP
moving up artificially and intention re-enter when situation is clearer and decisive.
It seems oil's future prospect seems very promising and recent days WTI crude (Nov '16) price being hovering
over US$50 and likely uptrend forming..........
Anyway, it is very interesting to see company's SP movement.
Regards,
MEO Price at posting:
3.0¢ Sentiment: None Disclosure: Held
