DMC 0.00% 30.0¢ design milk co limited

new guys, page-10

  1. 1,396 Posts.
    your welcome Vooni, Robbo.

    I guess looking specifically at fridays trading some of those theories might hold water or might not. obviously some day traders got burnt and were left amazed.

    might have been dumping as u said cos of new stock at 5cents adding to ones books.

    might have been genunine buying also and not 'propped' up. thats my feel given the broad shareholder base. Only holders powerful enuff to do that on their own per top 20 would be PRI in my view. So I'm more inclined to think maybe minor dumping occured in a strategic way to keep the price low for the vote or maybe some profit taking as u said.

    It would be strange for me to hear bell potter was buying the stock from 5c up to 6.5 in order to prop.

    Given the high volume id say alot of that constituted of day traders in and out etc and the volume trade can perhaps appear deceptive in that regard.

    All ords got hammered, it was friday, a good base to panic a day trader, so perhaps less effort needed on a day like that to cap the price then usual?

    this week should see a big turnaround in price in my view as the vote formalities are dealt with.
 
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