We've seen a couple of 4.5m and 6m share transactions on open these past two days which were taken out very early in trading. Are these genuine or a bit of share shuffling from one account to another? Smoke and mirrors to create illusion. I can't think why someone would take 4.5 or 6m placement shares to just dump them first thing. I know there's a quick profit to be made taking placement stock and dumping it for a few pips but why not wait off screen and feed them out slowly, given the growing interest in the stock ... it could be a trap for the uninitiated?
Add to My Watchlist
What is My Watchlist?
