PGH pact group holdings ltd

RG doesn't have to sell out to cause the price to drop. He can...

  1. 710 Posts.
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    RG doesn't have to sell out to cause the price to drop.

    He can convince one of the insto nominee's account to manipulate the price his way, for example, during the takeover period, I saw on the Computer share database, a newly created nominee account suddenly got 25 k of shares and exited on the same day, where the total volumes of trade on that day is less than 20 k. So, only one explanation to me, that particular nominee account bought the shares on the market and as soon as the account got the shares, they transferred off market to RG. I know it's hard to believe but at that time, the record showed it did happen. So, it happened before, it could happen now. I don't know why would someone silly enough to do it, for example buy high and sell at a loss, but certainly the benefit is to RG's way.

    Also, Icould be wrong, could just be some one sold out at a loss and the price trend proves RG is right. Who knows.

 
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