VMX 6.06% 31.0¢ valmec limited

Why is price being pushed down?, page-2

  1. 89 Posts.
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    Good pick up ddb77. If someone was dragging the price down using small sales then picking up a large volume at the reduced price then it would make sense, but there is no sign of large volumes being bought.
    As soon as they stop the shares rebound. Today at 14.5c. The parcels they are trading are less than the brokerage so not sure what their logic is.
    Only other thing I can think of is the rats and mice off loading their 'unmarketable' holdings that came about from the crunch a couple of years ago.
    Noticed the guys are standing by their original trading projections which is comforting given everyone else is promising large losses. As for the dividend it was nice to get but hopefully they are keeping their powder dry for an acquisition that would help the share price.
 
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