In any share trade you need to select a suitable entry point. A...

In any share trade you need to select a suitable entry point. A good entry point is hard to achive in PRU due to tiny buy bids by a highly experienced trader to prop up the share price for his advantage only not yours.

Today at around 3.23pm for example PRU was weak with a buyer only at 66 cents but almost similtaneously three buy bids were made these were 2423 at 69 cents 1500 at 68 cents and 50,000 at 67 cents. Those bids forced the market up and 4200 were purchased at 70 cents. The next sale was 2423 shares at 69 cents and 77 shares at 68 cents. On the closing auction 2428 shares were bid and sold at 69 cents. The 50,000 buy bid (mentioned above) at 67 cents was withdrawn prior to the close. I have seen this type of bidding often in the PRU shares just watch closely and see for yourself.

Someone very experienced in trading is forcing the market up during the day and on the close.If you are a buyer and get pushed up by thes small bids you will probably end up with a loss on your hands.I think the shares are probably fully priced at 69 cents as they will need to raise more capital in the future so there is virtually no trading margin.

I can only conclude that the professional trader has stock to sell at 70 cents and above.

In view of the above I feel the stock is a short term sell. Sorry I hit the wrong button.

Always obtain professional financial advice prior to buying or selling shares and options.