Serena is right. Of course it is being manipulated downwards. There has been a multi million share prop several pips above the ask price for days now. But obviously there are plenty of well documented reasons for people to sell anyway... For their own reasons, the manipulator/s are speeding up the process, forcing stop losses, scaring off investors and day traders. Given the increasing size of these props I would say we will find out the reason pretty soon.
SDL Price at posting:
2.6¢ Sentiment: None Disclosure: Held