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...diversionary words of a conspirator? Indeed, dark collusive...

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cptcaveman

653 Posts.

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13/02/15

12:59

Post #: 14750063
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Originally posted by Mongrel ↑

Too many conspiracy theorists in here. Sure, the stock is shorted, but not particularly heavily. 2-3% of shares shorted MAY be above the market average (1 - 2%) but certainly not anomalous (eg, MGX at 7%, CAB at 8%, etc).

Whenever there are price movements that go against current shareholders views, the "manipulation" accusation surfaces. The reality is that you'd need a bottomless pile of shares to achieve that. Even shorting wont help: if the market thinks the company is worth it, they'd gladly buy in to the shorts to have cheap shares delivered to them. Bottom line: uncertainty is driving the share price; a common driver for many "unloved" shares.

The more logical argument is that PRG had a watching brief on SKE and when the shares weakened they launched their bid. I may be wrong, but am backed up by history.

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...diversionary words of a conspirator?

Indeed, dark collusive forces are encamped atop the SKE SP. Defeat them with premium buy orders............of course I will join you in the fight, but, ahem..........you go first!

In the meantime, I'll direct the battle from the comfort of my chez loung, where Ellens, Dr Phils, Aldi branded chips and cola abound.

SKE Price at posting: $1.43 Sentiment: Buy Disclosure: Held
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0 Great analysis

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