Looks like just another push and shove effort...
So I grabbed a few at 2.2c...and a few more...and a few more, which surprisingly flushed out hoards of buyers for some reason...the type that clear lines in a bit of a hurry.
Likewise I sold those I bought at 2.5 and 2.4c...and again the large lines appeared, but this time to knock it down in a similar line-clearing fashion.
Very Strange to say the least.
If I didn't know any better, I would guess a group is working this and got caught on the hop, firstly on the upside intra-day break...and secondly, on the spike flush!
The only option to them was to knock it down, instigate churn, then recalaim lost ground.
If so, assuming they have done so in that little flurry, we can expect them to run the stock back to the days highs.
The question remains however...is it just a group intent on generating volatility to facilitate a net gain on churn antics...or, are we seeing the signs of an underlying net accumulation for some reason?
Intrigued.
Cheers!
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Looks like just another push and shove effort...So I grabbed a...
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