Someone wants to keep the SP low. What happened on the 25th was that I bought everything up to 4.5c and then after I finished buying someone sold a tiny parcel of shares at 3c. Seeing this, I placed a bid at 3.1c to see if I could tempt this guy out, but since then there's been no action.
Since then the volume has been zero, and there is nothing available for me to buy in the market depth, which is why the price has stayed down.
I have almost 4.6million shares now, and so it seems that I've mopped up all of the liquidity for now.
As I've said lots of times before, if you have a meaningful number of shares that you want to sell, put them on the market and if the price is right, I'll buy them and that will send the price up.
A floor under the SP, page-70
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
