I would assume, that this stock being capped/ accumulated.
The traders/ brokers/ Big Investors, they are making profit in very risky/ speculative stock at the moment with ASX zooming from low 3000 to around 3500 now, to dump those risky stocks and get into this quality safe stock for mid-long term, probably next 6 months because this is 100% false rally or dump rally. My prediction we'll see a major low in sep '09.
But at the same time, they don't want this stock (SSM) to go beyond 32c or at the max 35cents because they want to come back and get this stock at the current price.
But luckily for them there are no serious buyers at the moment for this stock to take it past 35c or 40c.
Lets see in a week or two at the max.
Cheers
SSM Price at posting:
29.2¢ Sentiment: Buy Disclosure: Held
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