@Acca
Looking at the sell side., my gut says cappers are playing games.
This happens when they smell a good thing
|
Column 1 |
Column 2 |
Column 3 |
1 |
19.5 |
8 |
308,059 |
2 |
20 |
4 |
448,953 |
3 |
20.5 |
1 |
52,500 |
4 |
21 |
6 |
473,986 |
5 |
21.5 |
3 |
63,000 |
6 |
22 |
9 |
1,045,042 |
@20c, 4 x 112000 = 448,000
@22c, 9 x 116000 =1,045,000
All they need to put some of their shares on sell side.
(They don't mind losing some at 19.5c)
This scare some holders into thinking there are big sell-supply. A few shhs got conned into selling .
(They are also on the buy side, waiting to accumulate)
Occasionally they will sell a few shares to themselves
Saw this 'capping' pattern in a fintech Rto stock, on closing 4pm auction, on most days for 3 months, April-June 16.
(Trolls may show up on the thread at the same period)
Some of us joined them and accumulate bits and pieces for 3 months, before its suspension.
Its ready for relist, soon.
Covata will be a ripper before christmas16.
Aimo.
-----------
As for mal'
He is a social poster, and does not own shares in 19 out of 20 stocks he comment, mon-fri.
(i think he enjoys and needs lots of attentions)
I put him on 'ignore' 2 years ago.