RIA 0.00% 3.3¢ rialto energy limited

Ann: Response to ASX Price and Volume Query , page-8

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  1. 17,111 Posts.
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    Not well.

    Glad a I sold a few when I suspected a prop/pump but I clearly bought them all back waaayyyy to early because I was not expecting this to tank heavily back to 2c.

    There is no real trading this with this stock operator active. It is either going straight up for no reason with heavy propping or straight down with heavy algo selling. Not really tradeable. Just wild swings. I presume this tanking is a heavy seller, but it could merely be a brokerage targeting the stop losses of it's clients? Fall though 2c tomorrow on high volume is a red alert and will cause a bit of panic, so just by posting that view for the operator to read I expect it will happen.

    Who would have thought a 50% decline within days after there were nearly 10 million bids at 2c and above a week ago that mostly turned out to be fake.

    There are certain brokerages/stock operators I have a rule to stay away from due to past experience and the volatile and inexplicable movements in stock where they are active.

    I broke my rule here and I must pay the price with blood.

    Pretty sure they have a rep on here. You can almost see the algos reconfiguring after a post has been read a few times.
 
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