MWR 4.40% 9.5¢ mgm wireless limited

fs0010, this morning I posted this;"Seems odd that someone had...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 7,244 Posts.
    lightbulb Created with Sketch. 168
    fs0010, this morning I posted this;
    "Seems odd that someone had stacked 4 consecutive sell orders for 8,000 shares each between 3.15 and 3.18. Prior to that, yesterday morning when it started looking like it might push through 3.30 towards 3.50 on light volume, someone put on a large sell order which did the trick and pushed a few traders to bail and push the price back towards $3, again on light volume. Are these legitimate sellers that have no idea how to sell a stock trading thin volumes or are they holding the price down to accumulate as much as possible before the next up leg?"

    and you responded that it was previously being pumped. Well if it had been pumped up to $5 as you say, what I am seeing now appears to be the opposite; it looks like it's being held down on purpose with multiple large sell orders on what we all know is normally a low volume stock.
    Do we draw the conclusion that we are seeing a downward pump and it is now possibly bottoming at $3 after peaking at $5?
 
watchlist Created with Sketch. Add MWR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.