JKA 0.00% 0.3¢ jacka resources limited

Re Share Price I sincerely do not think anybody is manipulating...

  1. 89 Posts.
    Re Share Price

    I sincerely do not think anybody is manipulating the share price.

    But I would think that some of the recent placing buyers at 0.08 might be offloading 30% to 50% of their holdings and still making a profit, and they still have options at 0.14, so they are in the money.

    Also buyers can smell blood with the number of sell orders at 0.13 and 0.14 etc, again that is the recent 0.08 buyers selling their placing shares and they still hold options at 0.14 and thus a 100% free risk free position for them.

    That will change when the test results come in, they will cancel their sell order very fast, maybe even before that as we get closer to the test results.

    But in the interim, unfortunately I think we have a bumpy ride with the share price up and down between c 0.11 and 0.13 … and I see the spread has moved from 0.005 to 0.01 but that should tighten up in the next day or two.

 
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