GW1 9.09% 5.0¢ greenwing resources ltd

unbelievable, page-15

  1. 7,372 Posts.
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    After the opening 500K sell they were mostly in the 100-150K range, until some small trades in the last hour. I'm inclined to agree that there has been manipulation these past three trading days. On Thursday algorithmic trading took place aimed at 10.5c on the buy side, and on Friday and today the opening sales were for 500,000 shares at 10c, when any self-respecting trader could have reduced the number fractionally at the last moment to obtain 10.5c. I wonder if on both occasions the seller sold to him/herself, a move designed to push the price down - for what purpose? Perhaps to influence others to sell low and to allow someone to accumulate stock at an artificially low price. Sounds fanciful? I don't discount the cunning nature of anyone operating in the stockmarket. Anyway, if someone is accumulating then (s)he must be confident of a SP rebound soon. Hopefully there'll be some positive news out in the next week or two to kick things off.
 
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