Could be a leak based on the velocity of change but to me looks more like and orchestrated swing trade.
Was watching the action all day and someone posted on LSE around 12.30am that of the 7 mms only Cantor Fitzgerald were holding the Ask at 5.5p the rest were spread up to 6.5p As soon as CF switched from holding the bid to ask, the momentum jumped (the other 7 mms had already switched) and it looked like a coordinated syndicated set of trades between boiler room traders. This is how AIM works unfortunately - totally unregulated with HNW/sophs able to employ teams to influence bbs and move stock prices up and down significantly at their will based on low marcap stocks with limited free float. You either have to second guess these moves and day trade or forget it all and invest long term. Do these syndicated 'packs" exist on ASX? Just curious as to how this seems to be a peculiarly english disease!!
OEX Price at posting:
9.8¢ Sentiment: Hold Disclosure: Held