hands up anyone that didnt see that close coming???
these are just becoming standard tactics on the ASX on just about any stock, not just AOK.
zero volume for the day, yet someone right near close needs to clear out 12.5c buy line and desperately sell to 12c in closing auction, along with the orders that where added to buy side in closing auction then changed at 4.09, the last few trades of the day almost undoubtedly belong to Ptolemy Capital.
the funny thing is, no one wants to sell to them at 12.5c so they lower SP to 12c, an area that there honestly cant be anyone that wants to sell.
imho only, we have months of this to come, Ptolemy Capital going to try and milk shareholders, no matter what the volume, they will just bank on impatient holders eventually selling, they appear to have all the time in the world!
AOK Price at posting:
12.0¢ Sentiment: None Disclosure: Held
