Re-posting my opinion from Wednesday....
Time will tell whether I was on the money. If I am right then ASX needs to investigate the brokers who were manipulating the share price. If, of course, ASX are serious rather than just wanting to "clip the ticket" of every trade that goes through the market
Subject: share placement coming imo
Stock Code: WMT - WESTERN METALS LIMITED
Posted: 21/03/07 22:53
Posted By: Agent Cooper Views: 115
Post #: 1646538 (Start of thread) Sentiment: Buy
IP: 203.20.xxx.xxx
There is little doubt in my mind a placement is coming. All the buying, then selling surges are being orchestrated in order to maintain a particular VWAP price upon which to set the placement price.
They don't want the price to fall away too steeply...hence the inside buying by the Broker and then when it runs up too fast, they then dump stock to keep it in the band.
Now for those who don't like what I'm saying...just hold fire for the minute and lets see what transpires over the next week. If there is no announcement of a placement by then, feel free to flame me.
Coop
WMT
western metals limited
