From May 2011 to the cap raising late Feb 12 - there were no days over 1.7 mill vol. The chart fell all that time but there were periods of partial recoveries. Then 24 Feb marked a period of sustained weakness with elevated vol. Note how there are no recoveries of note post 24 Feb and the rate of decline steepens. I do not know enough about robotic trading to be sure but I wonder if it is possible for large holders to use an auto trading formula to sell small parcels with the aim to set lower prices - say at the close - then being ever ready to scoop up whatever is offered at these lower prices. I know it sounds like a conspiracy theory - but it could explain what we see in the chart. GRY shows a similar pattern with few recoveries after mid Feb.
AMX Price at posting:
73.0¢ Sentiment: LT Buy Disclosure: Held
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