BLY 0.00% $2.91 boart longyear group ltd

twenty one mill at twenty eight, page-14

  1. 1,383 Posts.
    ken: the fact the price didn't collapse is either because:

    a. the same person/persons selling are the same person/persons buying..

    or

    b. someone wants to dump a load of stock and push the price down and the underwriters are absorbing the stock

    34.3 million went through today at 27.5 out of a total 53 mil...

    For whatever reason they want to keep the price down and accumulate at 27.5 not any lower.....or try to push the price down to pick it upo cheaper....

    It's not within the inetrests of the underwriters to discourage the retail investors


    Interestingly, it would be well within their power to push the price down further but they haven't...


    I think the important thing to realise is that despite such huge selling pressure the price is clearly being support at 27

    cheers
 
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