A40 0.00% 8.2¢ alliance mineral assets limited

Yesterday A40 dropped nearly 5% on 2Million shares traded. This...

  1. 2,271 Posts.
    lightbulb Created with Sketch. 239
    Yesterday A40 dropped nearly 5% on 2Million shares traded. This also happened similarly yesterday and many days before. At a rough guesstimate, there's about 1.3Billion shares on issue so yeah, a group are playing this down.

    Any casual glance at the sizes of the trades going through will tell you it's professional brokers selling and buying back and forth to create a slowly descending "narrative" and very limited numbers of trades might have been retailers being suckered in to capitulate or tempted in to buy with some pocket change as a punt.

    Doesn't need me to state the objective.
 
watchlist Created with Sketch. Add A40 (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.