"Same old rubbish again today.
7 Sellers offering total 1200 MSB shares at $1.585
Let's have a Royal Commission into ASX manipulation next now we know how rotten the banks are!"
This "when-it-is-going-up-then-its-because-insto's-are-buying,-but-when-it-is-going-down-it's-because-it-is-being-manipulated" lament has been going on for the better part of a decade.
"7 Sellers representing 1,200 shares" is not at all remarkable.
That's merely algos trickling orders into the market based on computer programming.
Nothing at all illegal or underhand about it.
This kind of thing can be seen in most stocks with certain liquidity characteristics, and yet that does not prevent the share prices of such companies from performing well over time.
By way of just two quick examples, look at similar selling characteristics for the following:
CSL - 38 sellers representing just 824 shares, 5 sellers for a mere 89 shares, 2 sellers for 60 shares, 3 sellers for 162 shares, etc..
CLS's screen looks like this all the time, yet the share price does just jolly fine despite it.
And here is another example:
Let me know if you would like me to post more of these situations ... there are literally hundreds of them.
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