Which of course is the whole point of generating such an exercise.
Heavy selling right from the kick-off this morning...clearly a net seller, but likely to be others playing less than genuine games.
Today's activity has been as clear as a manipulated effort that I have ever seen.
At the very least, the Company needs to comment on the trading activity...even before they get the mandatory "please explain" from the ASX.
I have not sold out on this...it just does not make sense given what know!
If however news comes out to explain the activity...then maybe the ASX might finally do something for once?
For now, I am happy to assume it is just one of those things...manipulation for stock that may well have worked much better than anticipated...or indeed, got out of control?
Whatever the reason...Smyth needs to release some sort of commentary to ease the tension, which is what I am expecting by the way.
Tomorrow, or even late tonight..."no reason what so ever...everythingis fine and oon track"
The watch the players run it up!
It is a shame to see this however...it has been such a well behaved stock till now...there was no need for any of this.
Cheers!
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held