Regarding share action. Once upon a time share movements jumped on news and more often than not peaked out on the day or the day after. ........................... at least until more news was released.
Now if a well healed party wants in, they suppress the trading until they have a decent investment/hold and then away it goes.
Price suppression/control can be a week or multi-week exercise.
Plenty of tree shaking sell-offs later on result in a run up through thin sell volume.
Dark pools etc disguise the real activity.
I guess it's about like child birth, a baby is usually born when it and the mother want it to come and not when the doctor says it will be born.
MEP is looking more like Cinderella getting ready for the Ball than the Ugly Stepsisters after a hard night on the tiles.
MI
MEP Price at posting:
7.9¢ Sentiment: None Disclosure: Held