PGY 5.88% 1.6¢ pilot energy limited

Opening market manipoulation, page-2

  1. 12,191 Posts.
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    not much movement after the initial opening rush... I think at this sp of 0.2c & the next pip up to 0.3c, the gap is pretty high - 50% if you want to buy on market... unless there is a follow-up announcement (and a mind-blowing one at that), this will be in a stalemate unless someone at 0.3c gets a bit jumpy (T+3) and starts the dump into 0.2c... happened in SOC last week - almost 60m or so were dumped into the buyers at 0.3c... but being a possible gold play (SOC), the buyers returned at 0.3c and there have been miniscule trades after that nudging up to 0.4c..

    (sorry to use SOC as an example here but just stating how difficult it is at this end of the market where a single pip movement is worth 25/33.33/50% of the current... so once th enthusiasm dies down after the ann, these become a bit illiquid to trade and one must tread cautiously on such counters...
 
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