Suppose you had purchased 20 million shares in MPO at 25c. Maybe even purchased the shares under different account names and even through different brokers.
Suppose you agree that MPO has a good future but are rather annoyed that you paid 25c when you could have got the shares much cheaper.
You want to maintain your holding in MPO but don't want to pay 25c. So what can you do about it?
You notice the cbm sector is currently a little weak so you decide to sell MPO shares and buy back cheaper, regularly making a profit on these transactions and so lowering your average purchase price.
The market for MPO is currently quite thin. So it might be quite easy to place lines of one million and two million sells out of the action, creating an apperance of weakness while you are gradually able to make plenty of sales of MPO covering yourself by buying back in cheaper.
Could this be happening? You decide.
MPO Price at posting:
0.0¢ Sentiment: None Disclosure: Held
