Todays' pump appears very unlikely to be the work of manipulators as the recent placement stock would've come out in the last pump......Take a look at the volume traded from the 5th of July and the next few days.
It looked to me like it was just "us" doing our thing with very few playthings on offer for the day. MNC had upper level constraints from UK overnight trading so FAS was the logical choice in lieu of something else appearing out of the blue. Unfortunately for some, they simply haven't yet obtained enough experience to realise when the music had stopped.
When 7.7 was rejected after tagging 7.8, it was time to exit stage right and from that point on, due to the huge profit some would've been sitting on, it was a massive risk attempting to absorb any selling. Even buying within the 1st hour or so tomorrow will carry huge risk as there was around 30m traded between 4.6 and 5.2 cents.......Not much of a buffer from here if the big buyers don't step in.
FAS Price at posting:
3.8¢ Sentiment: ST Sell Disclosure: Not Held
