When games are being played, the company is in "play"..
And when the game seems to be window dressing the price down and tree shaking it means the game is to acquire stock at the cheapest price possible while keeping a lid on it...
Two possible reasons, first to achieve a daily average price for a cap raising or second a takeover or major purchase. Since Magna are buying, the reason should be obvious.
I for one am getting a bit sick of it and wish they'd just buy the bloody thing and get on with it!
OEX Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held