shorting: asx surveillance and price action, page-21

FS - I know that a general market pullback is likely to take major stocks in the same direction.

The problem, however, is the MASSIVE volume traded yesterday in LGL - WAAYYYY outside its normal trading volume range. Over 58 million shares. On a big red candle day. And look back over the recent chart, and you will see that pattern repeated on several occasions.

Now if you'd been watching the course-of-sales in real time, as I was, you'd have seen the bots pushing the price down relentlessly. Every time the price started to nudge UP, then the bots would spill a large number of small sell orders onto the market and walk the price DOWN a couple of points below where it was. And that went on until about 12:30, then stopped for a while. It kicked in again during the last hour.

Now if you compare other major resource stocks, the volume spikes are nowhere near as prominently out of range.

And if you look at the overall chart for LGL over the last couple of years, you'll see that it is now in a full-on downtrend. And with the price of gold still in an uptrend, and with over 100% profit margin between cost of production per ounce and the sale price per ounce, PLUS the addition of the major resources from Equigold.... one has to wonder WHY the downtrend? Unless, of course, somebody is trying to depress the price in order to grab a large chunk of shares.....

But then, that's conspiracy theory, right? ;)