red alert possible market manipulation

  1. 294 Posts.

    Go and read what has been posted today on the ECU and MCP threads!
    More details there about source of tips, but to summarise:

    Both these were tipped in a subscription newsletter after the close yesterday.

    EASTERN CORPORATION FPO
    Code Bid Offer Last Change* % Change* Open High Low
    ECU 0.320 0.330 0.330 +0.115 53.49 0.275 0.370 0.275
    MCP 1.070 1.100 1.100 +0.420 61.77 0.900 1.220 0.900

    ECU closed at 21.5c yesterday & opened today @ 27.5c !!
    MCP closed at 67c yesterday & opened today @ 90c !!

    ECU answered a price query with "we know nothing".
    MCP released a profit update at 9:06am this morning!!!!

    Coincidence or what?? The tipster would not want to have been holding any of the above stocks before today. That woud be illegal.
    Price action tomorrow will be interesting. Hope you didn't buy at the top........

    The ASXMS is looking into it.

    Be careful until outcome known. If there's nothing in it then I will be advised and pass it on, but if there is a rat, you'll read about it or see it on the news.

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.