Bit of a funny week, seemed a bit strange, on Tuesday stock looked dead and gone, but come Friday it looks very strong
I haven't really been watching to much of the transactions but it seemed to me somebody was definitely manipulating the stock down until hitting 10c. I think somebody realized there would probably be a bit of a pull back because of the no distribution, and took advantage to help the stock down a bit.
Seemed like most of the dumping was done very late in the day, market depth looked strong until about 3, 3:30
The same person is probably now starting to move it back up, picking up shares along the way. However it seems as though this was trying to be slowed down a lot today
Like somebody didn't want it to run to hard before they topped up enough
Have to be careful with these type of stocks they seem to be easily manipulated, I think we will see this continue all of next week, with 1c and 1.5c gains each day
I am hoping for 18-20c by the end of next week, and then i think it will be let loose to run to about 25c with higher volume
I am a bit worried some profit taking will kick in at 15c, 50% from the 10c lows, i have no real reason to fear, except for the fact my cost base is 15c, meaning that is probably the max it will get
Am really hoping this was all done by leg mason to lower there cost base, which would probably be around 13c, meaning they would also be hinking it will run past 20c
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