ERG 0.00% 1.4¢ eneco refresh ltd

What is the alternative? sp manipulation? Am I supposed to...

  1. 136 Posts.
    What is the alternative? sp manipulation? Am I supposed to believe that "someone" has put up a false floor of dummy bids to give the impression of sp support up to .21 so they can SELL @ .215 . That is just nuts. Who could do that? Westpac has just increased their stake to 9%, so it is probably them at .20 buying MORE if anything. Certainly not jumping out. But someone THINKS that something like that might be happening and so sells at .21 !!!??? Is that it? I dunno, that is the best I can come up with.

    So when you have a "gap" with virtually no sellers (.215) but huge support below (.21) and a moderate spread of sellers above (.22,225) what does this indicate? What are the standard theories in sp analysis which explain this? I guess that is the question I'm asking (myself, apparently....for everyone to see what a goose I am...how embarrassing!!)
 
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