MAE 0.00% 0.0¢ marion energy limited

pcaruso,the 975k share parcel traded was a crosstrade. Whats the...

  1. 30 Posts.
    pcaruso,
    the 975k share parcel traded was a crosstrade. Whats the significance? could be tax loss selling, unlikely to be one owner selling to another with same broker given the frequency of crosstrades with MAE relative to other stocks. A pessimist would say it was to give the impression of strong volume at the intraday higher. In the past month that I have been watching, there have been hundreds of 1 share trades at or above the previous sale price. Only intent of this could be to pump up the price. Also, closing price at 4pm yesterday was 70c then a few late trades went through at 71.5. All this suggests that is there is consistent manipulation of the SP to keep it as high as possible. Why the need for this if the company is 'imminently' going to produce 20 - 25mmcf/day. All seems a bit sus to me
 
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