...."If you had 1M shares to sell, would you put it just above the previous close price? They are (at least some) IMO intentionally smothering the stock."....
Yes, it's very easy to accumulate this stock.... so 1c gain is a easy $5k on your pocket.
Due to the current economy and miners (look at the biggies BHP and RIO) sentiment is not as good as expected.... did you see LME trade yesterday ? base got shorted.....
If you have a fast finger mate or one you can trust ask him about the target gains on daily basis...... this is bear market mate....
On bull market that 1mill would be waiting for 3-6 points before selling it....not now..... and this practice is accross the board.... ppl are doing short burst investments and covering themselves....and it's quite wise IMHO.....
The DOW drops 100, 300 400 points and the next day rises 276 ???? is this normal ? no it's not..... it's the bear/voatile market....so investors and traders are taking advantage of it to keep afloat....
Cheers
CVI Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
