Hi Guys,I've had my eye on this stock for the last couple of...

Hi Guys,

I've had my eye on this stock for the last couple of days and was considering entering for a quick trade. I must admit that I agree with BionicBoy on this one. I know very little about the FA of this company but someone has been clearly dumping over the last couple of days.

For example yesterday's close at 0.4c was on very low volume of $1,750 over three orders post dumping at 0.3c. These were not BIG BUYS they were BIG SELLS. If you're watching the price action closely (as I am) you'll notice that every time the buys build up at 0.3c to 5mil+ someone dumps into it from offscrean. Same scenario today. $500 buy at 4c on open with 0.03c buy depth very under weighted. Once it builded up...bang...and big sell.

Someone with a large holding is clearly reducing IMHO.

Not saying this stock doesnt have longer term potential, I'm just a little sceptical short term.

I will continue to watch as maybe once they've finished dumping it may start to move north.

JMHO and DYOR.

Good luck.